Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: lurqer who wrote (25340)	8/13/2003 4:04:43 PM
From: Sully-	Read Replies (1) of 89467

Whoopie! Pro Forma Earnings are up after massive layoffs, a couple of years worth of cost cutting & writing off everything including the kitchen sink. Oh, & let's not forget that the year over year comparisons were quite favorable. Last years earnings were rock bottom. Nuttin' but blue skies! Blue skies ahead! <gg> Time to jack 'em up another 60 - 80%! <ggg> 07:38 ET Wal-Mart guidance : Reuters reports that WMT sees Q3 earnings of $0.45-$0.47 and full yr EPS at "higher end" of $2.00-$2.05 range -- Reuters Research consensus $0.47 and $2.06. WMT sees Q3 comps up 3-5%. 07:30 ET Wal-Mart reports in line (WMT) 68.80: Reports Q2 (Jul) earnings of $0.52 per share, in line with the Reuters Research consensus of $0.52; revenues rose 4.9% year/year to $63.2 bln vs the $63.00 bln consensus. 15:00 ET Wal-Mart cut to Hold from Buy at A.G. Edwards (WMT) 58.24 -0.56: Firm is lowering its rating on this long- favored name due to valuation. Notes that issue currently trades at a 1.48 relative P/E (vs 10-yr historical avg of 1.38); finds a 48% premium on the "high side" for a retailer with estimated long-term annual EPS growth of 10%.

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