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Walmart Reports Good Quarter, Raises Full Year Guidance
Old 08-16-2011, 04:40 PM   #1
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Walmart Reports Good Quarter, Raises Full Year Guidance

Walmartstores.com: Investor Relations -=

Walmart is my 3rd largest position, and even at a time when the economy is suffering they prosper. They also seem shareholder friendly, buying back and retiring shares and making good annual dividend increases. Current yield is 2.8%, and will very likely be 3% on the current price after next February. This is pretty impressive, given that they also are steadily retiring shares.

My plan is to live long enough to be the last public shareholder.

Ha
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Old 08-16-2011, 04:43 PM   #2
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Good plan. The rest of us will be private shareholders, since we'll have to get jobs in our 80s working there.

I actually think they are a company that does better when the economy is suffering, along with others like Costco and Dollar General.
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Old 08-16-2011, 04:52 PM   #3
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WMT is now my top position, after buying additional shares last Wednesday when the yield briefly breached the 3% mark. Pretty happy right now.
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Old 08-18-2011, 07:52 PM   #4
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Quote:
Originally Posted by haha View Post
Walmartstores.com: Investor Relations -=

Walmart is my 3rd largest position, and even at a time when the economy is suffering they prosper. They also seem shareholder friendly, buying back and retiring shares and making good annual dividend increases. Current yield is 2.8%, and will very likely be 3% on the current price after next February. This is pretty impressive, given that they also are steadily retiring shares.

My plan is to live long enough to be the last public shareholder.

Ha
I don't own WMT but I think it would be great if they would monetize their real estate owned. Last time I looked they have some real estate on the books they bought waaaaaaay back in the days and I'm sure they could do something with it to create value for shareholders.

WMT doesn't get much respect but if you laid out the numbers for investors w/o saying the name I'm sure many would love the idea.

On a personal level, I have been shopping there (Neighborhood Market stores which are the traditional food grocery layout) quite often and normally I would never go there. Prices for some items, even fresh which was the knock I had on 'em, have been very competitive. I think if I ever decide to upgrade my old tube tv there's a good chance I will go to WMT & get a Vizio flat screen.
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Old 08-19-2011, 08:22 PM   #5
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I worked for them during high school and college (2000-2006) they're a mover and a shaker and in fact they made their mistakes with inventory when I was there, but they have to be dumb-proof for their workers, they changed it and now they're refining the process, and to be honest their employees have it pretty decent for mostly unskilled labor.

I held onto my 135 shares when I graduated and continued to reinvest my dividends. These guys are money making machines, and it's not a huge piece of my pie and sentimental. Someday WMT will be fashionable again.
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Old 08-20-2011, 12:04 AM   #6
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Someday WMT will be fashionable again.
Here's the thing. As long term shareholders, we are better off if they are not fashionable. They are buying in and retiring stock by the mining shovels full, and if they run their business well, we will eventually be getting enormous dividends.

The only negative I can think of to this thesis is that they are already very large, but then so is the world. If the business continues very profitable but is not growing as fast, they can always issue bonds and buy in a huge slug of stock, then just dedicate that cash flow to gradually paying down the bonds.
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Old 08-21-2011, 07:08 AM   #7
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Glad I'm in good company, although WMT is a small piece of the puzzle for me. A good reliable dividend payer and stable stock as far as stocks go.
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