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Non-Tech : Wal-Mart
WMT 102.48-0.1%Nov 14 9:30 AM EST
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To: Leo Francis who wrote (128)7/18/1997 1:41:00 PM
From: Jack L. Dlugach   of 1166
 
Leo: Right about Telebras--I wouldn't pay the price but it's target
was raised to 150 this morning--too much risk to suit me. Sears just
announced earnings and they're down 57%. WMT's earnings are expected
to be in line with expectations. Of course, I don't like Sears as
an investment so maybe I'm biased--I've never liked Sears and if
you look at the department store troubles with other stores, I think
department stores are risky. You're also right about countries that
peg to the dollar but Argentina has found that for the first time in
many years it has been able to keep inflation under control and it
now has the strongest economy in Latin America--the President of
Argentina laid those rumors to rest last year as far as his country
goes. At this time the Dow is down over 109 but WMT is back up a
little bit to 35 3/16--that's a telling sign IMO.<G>
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