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Walmart Reports Good Quarter, Raises Full Year Guidance
08-16-2011, 04:40 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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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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08-16-2011, 04:43 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,764
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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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"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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08-16-2011, 04:52 PM
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#3
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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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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08-18-2011, 07:52 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
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Quote:
Originally Posted by haha
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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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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"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
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08-19-2011, 08:22 PM
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#5
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Recycles dryer sheets
Join Date: Sep 2004
Posts: 174
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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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08-20-2011, 12:04 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by Berkshire_Bull
Someday WMT will be fashionable again.
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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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"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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08-21-2011, 07:08 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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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.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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