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Wal-Mart (WMT -1.1%) hits its lowest level in more than 6 months, today getting hit by a rehash...

Wal-Mart (WMT -1.1%) hits its lowest level in more than 6 months, today getting hit by a rehash of the Mexican bribery news as lawmakers release documents showing the CEO was aware of the allegations in 2005. This would contradict the company's public statements on the matter. The initial NYT story last April proved a wonderful buying opportunity. Same now?
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Comments (3)
  • Be Here Now
    , contributor
    Comments (5301) | Send Message
     
    Buying opportunity? If its yield were considerably higher, yes.
    10 Jan 2013, 11:55 AM Reply Like
  • SteveTheHawk
    , contributor
    Comments (1859) | Send Message
     
    Yup. It's gotta drop a few bucks before I'll look at it.
    10 Jan 2013, 12:27 PM Reply Like
  • Sean Erickson
    , contributor
    Comments (289) | Send Message
     
    Walmarts as stable as you get. You can count on there being a large fine at some point (my guess is $5 billion) but it wont disrupt their business and i think wmt is still very attractive under 14x earnings
    10 Jan 2013, 12:03 PM Reply Like
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