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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mark Marcellus who wrote (21079)	4/7/2005 11:56:55 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78462

re WMT - the negative working capital is really a good thing since it means that WMT collects it's money faster than it pays it's suppliers. Regarding the accrued liabilities, you are right that most of them are due to interest rate (around 8B$) and currency (2B$). Since WMT has about 20B$ in LT debt, it means that about 50% of that debt is hedged against currency and interest rates moves. Sounds OK to me. The 12B$ sounds like a huge number but WMT has about 50B$ in revenue abroad which puts that number in perspective.