Wal-Mart's EPS growth is twice that of the SP. For the third consecutive year it has seen an increase in operating margins and we believe it still has tremendous growth opportunity over the next 5 to 10 years both domestically and abroad. At the very least, this should allow the stock to come off the low-end of the trading range and move higher.
More Quotes from Bill Dreher:
Wal-Mart's management is rather conservative, but it sounds upbeat about the future. I'm very confident that if the economy improves, the company could surpass its own guidance for the rest of the year.Bill Dreher
I think high-end retail sales will get a boost from this news.
Bill Dreher
Investors have been skeptical about the health of the U.S. consumer, and will use this to take profits.
Bill Dreher
Even Wal-Mart, with their superior systems, their ability to analyze information, being able to predict sales down to the SKU and generate customer profiles, doesn't have good visibility of what's going on in 2001, which makes us concerned about the guys who don't have that ability,
Bill Dreher
Any retailer who could not surpass expectations last month has to have company-specific problems. September was simply a stellar month.
Bill Dreher
Kohl's is having a major disconnect with its customers. The company's inventory growth is outpacing sales and I think their problems will continue into the fourth quarter and even the first quarter next year.
Bill Dreher
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