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Message from discussion Note to Wal-Mart
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crb  
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 More options Oct 21 2009, 4:51 pm
From: crb <crbe...@cox.net>
Date: Wed, 21 Oct 2009 13:51:47 -0700 (PDT)
Local: Wed, Oct 21 2009 4:51 pm
Subject: Note to Wal-Mart
You do realize you have shareholders don't you?  You do realize that
continued price cuts and a self-imposed attack on profit margins
doesn't help shareholders today right (highly questionable what these
will do to "grow the moat" in the long run)?  You do realize that
shareholders own the company and therefore expect 1 dollar of market
value for every dollar reinvested (which you are not providing at this
time) right?  You do realize that, although you expect us to be
patient as you parade around and sing about how great you are
(specifically the CEO) and how no retailer can compete with you, we
are only getting a 2% dividend yield from a very mature company right
(which is pathetic)?  You do realize that your shareholders are, and/
or are getting, just a tad frustrated with the BS speeches about
"increasing shareholder value" right?

Where's the $15 billion buyback?  If you were honestly taking that
many stocks out of the market then the stock wouldn't be as low as it
is today. Why aren't we getting more in the way of dividends while we
wait?  Where's the proof of long-term sustainable growth relating back
to today's price cuts (hell, where's the payback from all the money
spent upgrading stores)?

Isn't it just a tad bit ironic how the CEO speaks today and Mr. Market
cries foul and dumps the stock (again).  It's rather obvious that
shareholders don't like the smell of what WMT is cooking.


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