Wal-Mart (WMT): Waiting for the right time!
The less than stellar Thanksgiving sales data has many analysts worried about the retailer’s future and the state of the economy. While the sales were still up 7% compared to last year, this was not enough to get anyone excited. To put things into perspective, Wal-Mart is more than just a company. Some analyst uses this company’s performance as a way to gauge the economy. As a result of the negative press, the stock has taken a bit of a hit in the last several days.
Despite all this negative press, Wal-Mart is a stock I would love to own. However, I currently do not own any share of this WMT because it seems to always trade at premium. Although WMT is currently trading at $46.10/share, my view is the stock is still on the high end. I’m hoping for this stock to continue falling to around $42/share. If it does, that would be a great time to get in. Here’s to more negative news from Wal-Mart!
