- Report strong sales up 9.4% vs 3q07, mainly driven by international market, but US division do have 7.1% up. Outlook fall on bad global economy and strong US$ will offset the international sales growth
- Strong profit up 11.2%, gross margin up from 5.10% to 5.54%, which shows a great cost management for a worldwide department store when the commodity price up that much during the year
- Wal-Mart is the world's largest retail store with strong sales in tough market situation, and one of the Dow Jone component stock's price continue to rise in 2008;
- It is good to hold, but from a value prospective, i think there are lots of under value stocks better than Wal-Mart;
11.18.2008
Subscribe to:
Post Comments (Atom)
The information provided in the entire blog is not intended to provide legal, accounting, tax or specific investment advice. The information presented was obtained from sources believed to be reliable; however, I cannot represent that it is accurate or complete. I assume no responsibility for any losses, whether direct, special or consequential, that arise out of the use of this information. This information is subject to change without notice. Stock performance are not guaranteed, their prices change frequently and past performance may not be repeated. Please do your own investigation, or contact your own professional advise, before investing.
No comments:
Post a Comment