Wal-Mart Message Board - Msg: 1783889

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Non-Tech : Wal-Mart

WMT 102.82

+0.3%

10:09 AM EST

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To: Leo Francis who wrote (118)	7/17/1997 3:31:00 PM
From: Jack L. Dlugach	of 1166

"We continue to see Wal-Mart as a safe and attractive stock in this environment." Like I said, Leo, investors consider stocks like WMT a safe-haven stock; I'm not sure what you're arguing about since I agree with your fundamental premise and so does Ken--he said that he had been considering selling part of the stock and so have I. Just depends--if I see a better place to park my cash, I'll sell WMT and put the money there; until then, I don't foresee WMT falling as much as many other stocks, particularly some of the techs at this time--incredible valuation on MSFT and maybe more to come if they beat the earnings today. Also, look at Pfizer--my wife wanted me to buy that one but I couldn't see a p/e of 40 with a growth of 13% and sure enough it's started to fall back even though revenues are up. In the end, I'm sure all these stocks will correct--just depends on what you think will correct the most. WMT seems to be treading water lately so it's probably safe to assume that the "parking" theory of a "safe haven" is probably a fairly good one.

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