In what surely must be a delight to our Inside Value team, Wal-Mart
What caused the spike? Whereas fellow retailers J.C. Penney
That's a huge deal. Not only did the Bentonville Behemoth upgrade its own estimates, but more importantly, the new range also blew past the Street's consensus of $0.72 a share.
Though some predicted that Wal-Mart would be the worst stock for 2008, the company seems to be showing strength, even in the weakening economy. Initiatives such as co-branding health clinics and stripping down its apparel lines, coupled with its endeavor to be more environmentally friendly, have fellow Fool Alyce Lomax thinking the company is back in its element
Low everyday price, still big value
Did our 95,000-strong community at Motley Fool CAPS see this coming? Some, yes:
Metric |
|
---|---|
CAPS stars (5 max) |
*** |
Total ratings |
3,625 |
Bullish ratings |
2,992 |
Percent Bulls |
82.5% |
Bearish ratings |
633 |
Percent Bears |
17.4% |
Bullish pitches |
553 |
Bearish pitches |
132 |
So did Foolish colleague Tim Otte, who praised Wal-Mart's valuation versus Best Buy
But, again, Tim is hardly alone. Fools in the CAPS community who offered the thumbs-up a year ago in April 2007 have earned more than 20 points for picking Wal-Mart to outperform the market. Investor 74Aggie pointed out how "everyone has to go here." Ben1127, equally blunt, said that Wal-Mart is "still 800 LB gorilla in retailing with worldwide exposure."
Well done, Fools.
Go shopping for related Foolishness:
- No Easter eggs for you, J.C. Penney.
- Should you be digging the discounters?
- Sour apples for poor Sam.