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Tuesday, Mar 12
Heard during Wal-Mart's (WMT +1.1%) talk at the BofA Consumer & Retail conference: 1) The...
Heard during Wal-Mart's (WMT +1.1%) talk at the BofA Consumer & Retail conference: 1) The much-discussed slowdown in the U.S. during Q1 isn't "disastrous" considering the short-term headwinds in place. 2) Returns to shareholders are called a "top priority" and the FY13 annual dividend rate is pegged at $1.88/share. 3) Execs predict international growth will be strong - led by Brazil, China, and Chile - with both new and older stores contributing. 4) New innovations in mobile coming in next few months. 5) Reading between the lines, there seems to be a suggestion the company could make a key acquisition this year. (webcast)