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Non-Tech : Wal-Mart
WMT 102.48-0.1%Nov 14 9:30 AM EST
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To: Jack L. Dlugach who wrote (210)8/8/1997 12:06:00 PM
From: Ken Turetzky   of 1166
 
From Smith Barney:

Capital Conservation

We continue to believe that overall earnings growth will gradually slow, spurring investors to rechannel funds into companies that are better able to manage their profits growth - approaches utilized by companies practicing Capital Conservation. We are adding DuPont to this Theme as it transforms itself into a revitalized enterprise focused on the life sciences; Wal-Mart is also being included, as it takes steps to employ active capital management. Finally, we are adding James River, which is redeploying capital as it consolidates the tissue segment of the paper and forest products market.
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