Walmart Inc (WMT)

[big-yank]

Walmart FINALLY showed uptick in SSS comps, after years of downtrend. SGA cost savings, long-promised, finally kicked in. And high cost store count domestic growth was replaced with "harvest vs. overlap" strategy, shifting metric growth to new, overseas markets. Plus, grocery intiative began to pay off as size leverage yielded cost advantage vs. competitors like Kroger and Publix, and other competitors like SuperValu and Winn-Dixie fell on hard times after years of ignoring price leadership in a highly promotional sector... kind of reminiscent of J.C. Penney's recent meltdown in the broad retail department store market.

Walmart's initiatives to commoditize staple items at low retail prices has shifted major consumer share with leaders like "Great Value" grocery items, $4 Rx generics and HABA staples like Equate pain relievers, vitamins, shampoo, bandaids and OTC med's.

It took ten years to reach that $75 plateau. I do not think it has peaked. I think you could see $90 in another 2 quarters, at which time I would likely sell my position... among my largest.

GLTA.