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Investorman

11/19/02 5:57 PM

#16020 RE: tempaussie2 #16014

Last time I said WMT would never drop to 45 again it immediately dropped to almost that point from 55. If the Christmas shopping revenues don't meet expectations it it certainly possible that it could dip below 50. WMT is huge and it takes a lot to increase revenues 10% from $230 billion a year but they have detailed an ambitious expansion plan both in the US and Internationally that seems feasable. With their competitors (except Target) dropping like flies, it would appear that they still are the most capable company in their sector. While WMT's stock price hasn't done much in the last two years I suppose it is good that it hasn't dropped 40% to 60% like many others.

All that said, there is a good chance that you might be able to pick some up under 50 at some point. (Don't take this as gospel since Madam Lulu and funinco's dog haven't been keeping me informed lately)