Wal-Mart Message Board - Msg: 1743399

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Non-Tech : Wal-Mart

WMT 102.48

-0.1%

Nov 14 9:30 AM EST

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To: Ken Turetzky who wrote (84)	7/11/1997 11:32:00 AM
From: Leo Francis	of 1166

Ken, a PE of 26, with a target appreciation of 13-14%?? What happens at 40? Everybody sells? This story is simply not compelling enough for WMT to sport these valuations. "It is most likely to on its way to $40." This statement is amatuerist at best, especially in context from a supposed analyst. I do agree though with their statement, "as it no longer represents the growth stock it once did,..." (growth stocks warrant pe's of +20, solid performers warrant 13-16 pe's, ala banks) Did you also note that this analyst is only forecasting 10-12% earnings growth? 24-26 pe??? I'm sorry, this simply will not hold up. LF

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