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To: schrodingers_cat who wrote (140381)3/8/2002 11:24:22 PM
From: Glenn D. Rudolph  Respond to of 164687
 
"I agree that WMT is well managed, but management is also under a lot of pressure to deliver the growth that Wall St. wants. They can't very well say, "Sorry guys, we've run out of room to grow," unless they want to take involuntary early retirement. "

A truer statement has never been made. Management made the growth comment during their last conference call. They stated in so many words that they could not grow much more with their present product lines. That is not an insult to their ability. Rather, it is admission they have most of the market now. Their focus is going to be on adding lines of more higher end brand names. The street liked the approach so far. They of course are not going to ignore their core business. They had to tell the street something and now they have to try it.