Wal-Mart’s U.S. sales drop another sign that the economy is turning–and a signal to put Wal-Mart on my watch list
posted on February 19, 2010 at 1:48 pm
Sun fails to come up. Water no longer wet.
Wal-Mart (WMT) sales dropped at its U.S. stores for the quarter ended on January 31 2010.
Wal-Mart comparable sales dropped? That’s the first time ever. Ever.
Time to add this company to my watch list for a buy sometime within the next three months.
If you’re looking for thin reeds (See my post http://jubakpicks.com/2010/02/18/my-thin-reeds-say-the-first-half-of-2010-will-be-surprisingly-strong-in-the-u-s/ ), here’s another one that says U.S. consumers are feeling better about themselves. Some portion of the consumers who found shopping at Wal-Mart so attractive during the worst of the recession has apparently decided that it’s okay to spend a little more. Read more
