John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: estatemakr who wrote (8472)	11/29/2007 12:22:07 AM
From: John Pitera	Read Replies (2) of 33421

In WMT we have a stock that has traded at this price level every year since 1999. So it's gonna have a 10 year history of absoulutely no capital price appreciation the way it's going. And I think this thing prints at 30 or even 25 in 2008. Why would you have WMT tracking against a small cap index instead of a MacroCap index, DJIA, SPX etc? If I get a bit of extra time I'd like to look at the tax accruals and dererrals on the books, I have not really looked at the balance sheet and cash flow numbers of a WMT in a long time. I believe that the have a quarter coming in the next 3 or 4 where they close some low margin stores and also more fully reflect energy and other costs of doing business. John

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