Time to buy WMT

AGA7d

Many retailers recently have cut back inventory and refrained from deep discounts. Of course, that will help margin but not sales. Now WMT is getting aggressive on prices, I am sure they will grab a bigger share of pie.

The valuation of WMT is very competitive, despite the steady growth in the past decade, its share price barely moved. If you count the large share buy-back, the market cap actually dropped.

Given the economy is likely to stay down for years, WMT is in the sweet spot of the retailers. Longer term, it should go pass last year's high of 63. Plus, the dividend yield is already close to a 2-year CD. So it pays to wait.