Gilford Securities is encouraged by the activity it saw at the Wal-Mart (WMT -0.3%) stores it...

Gilford Securities is encouraged by the activity it saw at the Wal-Mart (WMT -0.3%) stores it visited (primarily in Long Island). The firm thinks the visits suggest sales are "up significantly" from a year ago, in spite of the impact of Hurricane Sandy. Gilford is also pleased with Wal-Mart's strong Black Friday performance, believes food/consumables sales are benefiting from aggressive pricing, and thinks "apparel departments had a good sell-thru across much of the US."
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Comments (5)
  • chopchop0
    , contributor
    Comments (5157) | Send Message
    Yup. WMT = packed with shoppers. I actually like going to TGT sometimes because it's comparatively empty.


    When it comes to which stock to own though, the choice is clear


    (Long WMT)
    28 Dec 2012, 02:51 PM Reply Like
  • J Mintzmyer
    , contributor
    Comments (8154) | Send Message
    I wonder what they thought of BBY traffic...
    28 Dec 2012, 02:51 PM Reply Like
  • tampabay
    , contributor
    Comments (439) | Send Message
    I needed Gilford to tell me Walmart is busy.....really..ask them now to stop at MCD and see how they are doing...then report....
    28 Dec 2012, 03:11 PM Reply Like
  • Ponderful
    , contributor
    Comments (16) | Send Message
    The original quote is: "Based on visits to Walmart stores, mostly on Long Island, and observing traffic and seasonal departments, we surmise sales were up significantly over a year ago, despite the hardship caused by Hurricane Sandy," the (Gilford Securities) analyst comments. "We would hesitate to generalize based on local observations but Walmart announced that it had its best Black Friday and that layaways were greater than a year ago.


    Perhaps the analyst should have stopped dead in his (her) tracks rather than hestating to generalize. Despite prior Gilford analysis of the company, to draw or even suggest conclusions about a behemoth like WMT based on observation of mostly Long Island stores smacks of the elephant and blind men parable. Anyone for a little sampling error?
    29 Dec 2012, 09:06 AM Reply Like
  • J Mintzmyer
    , contributor
    Comments (8154) | Send Message
    Great points-- silly to also base an investment on WMT on a few weeks of traffic anyways. The same short-sighted people were betting against WMT in the upper $40s back in 2011 due to small US SSS declines.
    6 Jan 2013, 06:20 PM Reply Like
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