I love shopping for groceries when things are on sale and I tend to buy more when I can get more for less. Yet, it doesn’t seem to work this way when one of the world’s largest retailer and employer with over 2.2 million staff is on sale.
A recent 33% price drop, and we all run to the exits and tighten our wallets.
This is why it is so important to buy stock undervalued, because eventually over the long term, things always come back to fundamental intrinsic value.
Walmart is no exception. Well over valued back in 1999 (priced for growth at over forty times earnings) but finally back in value at a more affordable twelve to thirteen times earnings.
What do I think of Walmart at current prices? The following speaks for itself. And I’m not even talking about price charts. Note that I haven’t even included a price chart this time, just pure facts and figures of an incredible business.
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