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Non-Tech : Wal-Mart -- Ignore unavailable to you. Want to Upgrade?

To: Vol who wrote (627)	3/3/1999 9:00:00 AM
From: Chip Roos	Read Replies (1) \| Respond to of 1166

Vol: You may be right but I would be very careful about buying puts on WMT. Nobody knows for sure but Wal-Mart is such a well managed company that betting against it is a risky proposition. I think alot of investors are like me. I bought WMT at 23 for my kid's education about three years ago. I am tempted to sell some shares but after taxes, my problem would be where to re- invest the profits. In the retail sector, outside of Dayton Hudson and Kohls, nobody comes close. In addition, I think that the prospect of a stock split, while meaning nothing financially, usually is a positive. All in all, the PE of 40+ may be high but Wal-Mart certainly deserves a premium. Whatever you do, good luck (as long as WMT keeps climbing). Chip