Wal-Mart Message Board - Msg: 1684886

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Non-Tech : Wal-Mart

WMT 102.80

+0.3%

1:24 PM EST

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To: Quang Nguyen who wrote (25)	6/30/1997 10:57:00 PM
From: Jack L. Dlugach	of 1166

That was apparently a short-sellers conversation. Wal-Mart's p/e is a little rich, that's true, but I'd be careful about shorting this one. It's back on track to grow into those high p/e's again and the international expansion is going great. Wal-Mart has over $100B in revenues now and has plenty of cash flow to do just about anything it wants to do. Check BUSINESS WEEK archives for June 23, 1997 issue and read the story WAL-MART SPOKEN HERE which is a very well-written and thorough piece on what Wal-Mart is doing right now. Personally, I wouldn't buy any more WMT because I don't like to pay these high p/e's but neither would I sell WMT because I consider it "money in the bank." WMT is one of the best stock to hold for the long term; if you intend to keep it for many years, you can't go wrong with WMT--"There'll always be Wal-Mart." PS: Also check the Bloomberg Money Flow Analysis on WMT and you'll see it is one of the stocks with the biggest increase in buying on price weakness; usually that means a price increase, at least for the short term. Today it was a down market but WMT closed near its all time high because it's considered a "safe-haven" stock.

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