Jim Cramer recently warned investors about WMTt because he thinks Obama want’s to unionize.
We have learned a lot about this president. He is dogged, something that if you are a member of a union or a union organizer, you must be thrilled about. The president is so your man. That means Wal-Mart’s not going anywhere because I have to believe that one of the things that Obama’s administration must accomplish is the breaking of Wal-Mart as a non-union shop.
While there may be truth to much of Cramer, I don’t think Obama will be successful. Obama has accomplished little of his ‘big ticket’ items such as cap and trade and healthcare reformation. Last year I purchased WMT in one-third increments on 1/22, 4/24 and 12/17.
I will not be adding my final 1/4 target investment goal until I see more compelling news on WMT. But I wll hold my 3/4 WMT target investment for now.
Here are some S&P highlights which support my hold position:
WAL-MART STORES INC has improved earnings per share by 28.1% in the most recent quarter compared to
the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth
over the past two years. We feel that this trend should continue. During the past fiscal year, WAL-MART
STORES INC increased its bottom line by earning $3.72 versus $3.35 in the prior year. This year, the market
expects an improvement in earnings ($4.00 versus $3.72).