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


To: Investor2 who wrote (48517)6/30/2012 1:04:46 PM
From: Paul Senior1 Recommendation  Read Replies (1) | Respond to of 78748
 
Hi I2. re WMT: Congrats to those who have stayed with the company as the company grew or prospered in the past couple of years while the stock didn't do much. I sold my position about breakeven, if I recall correctly. My wife had asked me not to buy/hold the stock based on her/our dislike of WMT's business model/business practices. (She seems to tolerate or has not caught on to our tobacco, alcohol, weapons stock positions, -g-)

I've got no firm opinion on the stock. I guess fairly-valued here. Or for a ltb&h -- the company isn't going away, its base of customers seems to be increasing as the ranks of the middle class fall, the company pays a small but always increasing dividend -- so for a 5-10 year or longer hold in a diversified portfolio -- it's perhaps a dull plodder and a maybe buy-to-keep. Not for me. BWDIK? I said the same thing ("not for me") about XOM and other conservative-labeled stocks in the 1970's: Little did I understand or comprehend that a $1000 XOM buy June 1972 with dividends reinvested (assuming no taxes withheld) would be about $238K now.