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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)
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Comments (2)
  • wiley 66
    , contributor
    Comments (25) | Send Message
     
    Okay, now you have the old wheels turn. Is this an acquistion of a communication company?
    12 Mar 2013, 02:18 PM Reply Like
  • samsptl
    , contributor
    Comments (30) | Send Message
     
    Wiley, I'm curious, why would you suggest communications? I am inclined to think something along the lines of health care or finance as these are trial balloons they have already sent up with varying degrees of success and failures. Then again, there are a few retailers struggling enough that might grab a life line if offered (JCPenny, Sears Holding) and those are in line with their core competency. And there is the Hostess bankruptcy...
    I hope they don't fly off to some market they have no solid exposure to build on.
    I am and will remain long on WMT...
    12 Mar 2013, 03:45 PM Reply Like
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