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To: schrodingers_cat who wrote (140376)3/8/2002 10:42:36 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164687
 
">Wal-Mart has no more room to grow in their currnet market.
Sounds like bad news for the stock. WMT wouldn't be the first company that ran out of room to grow then stumbled when they tried to find new growth opportunities. The p/e of 43 is pricy for a company that can't continue growing. "

I agree the stock is pricy for a firm that has no room to grow. The question remains will they stumble trying other markets? They did not stumble when they entered metropolitan areas. Granted it was the same product but that was not their initial forte. Management there appears very competant.



To: schrodingers_cat who wrote (140376)3/8/2002 10:55:52 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164687
 
SC, I believe the pricey pe is partly due to expectations that WMT will be able to keep growing same store sales as competitors fall by the wayside and home ownership rates keep growing.

I have no opinion on the validity of these assumptions.
Victor