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Non-Tech : Wal-Mart
WMT 102.57-0.9%3:59 PM EST

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To: Profi who wrote (316)1/30/1998 2:00:00 PM
From: Ken Turetzky  Read Replies (1) of 1166
 
Smith Barney likes Wal-Mart:

Four Sharp Charts for Four Cheap Stocks
07:55am EST 30-Jan-98 Salomon Smith Barney (JR. 212-816-1857) EMR MEA NSM WMT

--SUMMARY:------------------------------------------------------------------
The marketplace seems to be in the process of re-evaluating its outlook
for "Asia" and the impact that Asia,s woes (or lack thereof) will have on
equity prices in the United States. This week, we feature four stocks
that,in our opinion, offer superb value, growth, and momentum or a
combination of all three.
* Article originally appeared in the Portfolio Strategist dated January 30,
1998.

Finally, Wal-Mart Stores makes this list despite its strong 1997 gain.
Figure 13 demonstrates quite clearly that 1997 was the first year in the
last 10 that the company,s perceived growth rate did not decline. Figure
14 describes the acceleration in relative earnings expectations last seen
in the 1980s. Finally, Figures 15 and 16 show that despite these
improvements, the company has a relative P/E multiple that is near its
historical low along with a relative total return that is almost 50% below
its 1992 high. Retailing analyst Richard Church rates Wal-Mart his Top
Pick for 1998.

Note: The figures referred to above can be found in the January 30 issue
of Portfolio Strategist.
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