The Mudcat Café TM
Thread #94165   Message #1868100
Posted By: Ron Davies
25-Oct-06 - 08:40 AM
Thread Name: BS: Has Walmart been defeated?
Subject: RE: BS: Has Walmart been defeated?
Doug--

Interesting that you for some reason neglect to state WHY Walmart stock is up---though not even close to what it reached back around 2000--it's been in the doldrums ever since.


According to the Wall St Journal--which might possibly know about such things--the stock is up since it appears Walmart is starting to be more realistic about its classically stupid overexpansion lately--and cutting back on said expansion. With so many reverses recently, from being forced to withdraw from Germany and South Korea, to being stymied so far after years of trying to set up a bank--opposed by, among others, Alan Greenspan-- to declines in sales of womens' clothes due to an ill-considered attempt to go "high fashion" --to being clobbered in same-store sales by Target--in the same sales area----Walmart has been forced to pull in its horns.

Yes, I know you will claim you are "pulling my chain".   Uh, I don't think so--I'm just correcting the record--Lord knows we can't depend on you for anything objective.

Sure would be nice if you'd do just a bit of research before honoring us with your pithy remarks.

But you're a Bushite---I suppose I have to be realistic in accepting that proud ignorance is the Bushite's raison d'etre.

Not that I would want to pull your chain, you understand.