How Wal-Mart Really Beats Expectations - Todd Sullivan

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How Wal-Mart Really Beats Expectations
Sep 05, 2008 11:43 AM UTC

Todd Sullivan

Return	Risk
-11.93%	MID

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Symbol	Sentiment	Start	Return	Closed
WMT		09/05/08	-11.45%	--

Via Long Investment Ideas from Seeking Alpha:

This is a classic: just last month when Wal-Mart (WMT) came in at 3% comps and people were inexplicably disappointed and then guided for 1% to 2% for August, I said, "Anyone want to bet Wal-Mart is lowering projections to avoid the current scenario next month? Now Wall St. will lower "estimates", Wal-Mart will beat them and everyone will be happy...strange stuff." Guess what happened yesterday?

Wal-MartÂ said Thursday, sales of groceries and back-to-school products helped its August same-store sales rise 3 percent, beating expectations.

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Comments (2)

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nextfundmanager

N/A

1 point commented 439 days ago reply

I think this run up in wal mart is overdone, there are so few good stocks out there and everyone is driving this one up

traderdrew

51%

1 point commented 381 days ago reply

This sounds pretty reasonable from WMT, but not a bad idea nonetheless

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