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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (14484)5/16/2002 3:34:24 PM
From: Grommit  Read Replies (1) of 78543
 
ALD - I also added, at a pleasant $21.80. Then I bought more at 23.09 after I started listening to the CC.

I listened to most of the CC. I was booted at the start but got back in after a few minutes so I missed the opening comments and heard Q&A. I was VERY impressed with the CEO - W. Walton.

In trying to access the replay on their home page, I found the annual meeting and listened to the opening remarks. They are worth listening to also. I actually quite like the shareholder letter in the annual report. It talks of dot com mania and how Walton was giving a speech in 2000 where he pooh-poohed lending to dot coms. The annual letter also refers to Graham & Dodds 1934 book as the guide to ALDs "core principles". tee hee. :o)

Their objective is to grow the dividend at a 10% annual rate. That's my kind of company.

grommit
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