Seeking Alpha

Wal-Mart denies report on order cuts; investors unconvinced

  • Wal-Mart (WMT -1.7%) denies a report that originated with Bloomberg that it's cutting orders, noting the report mistook the normal ebb and flow of orders as a broader corporate strategy.
  • Despite the pronouncement, a large number of retail stocks are lower as the inventory issue appears to be now teed-up as a Q4 concern.
From other sites
Comments (5)
  • tampabay
    , contributor
    Comments (352) | Send Message
     
    That's what you get for repeating rumors.... is that called "hear-say reporting"?....just wondering...
    25 Sep 2013, 03:30 PM Reply Like
  • micium
    , contributor
    Comments (116) | Send Message
     
    Are my pants falling down? No, I deny it. (They are just below my waist.)
    25 Sep 2013, 05:16 PM Reply Like
  • micium
    , contributor
    Comments (116) | Send Message
     
    It's either correct or from an ignorant lower level employee.
    25 Sep 2013, 05:20 PM Reply Like
  • sunsetacres1318
    , contributor
    Comments (4) | Send Message
     
    Hey, whats the big deal......ups and downs...Walmart is mostly ups!
    25 Sep 2013, 06:13 PM Reply Like
  • hwood007
    , contributor
    Comments (1207) | Send Message
     
    If I wanted to buy WMT, I would hope this lowered the price a bit and gave me a better buy.
    25 Sep 2013, 07:29 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs