5/15/24 - $wmt - i'd stay away from this, trends/consumer tough
5/15/24 - vrockstar -
WMT
- 24x fwd PE and barely 3.5% yield for this anemic grower into the most cashed strapped consumers. google trends look awful.
trends.google.c.../trends/explore?date=all&a...
i'd guess any pop gets faded v quickly. pricing power is for the brands, not the retailers. hard to sell a cost cutting/ brand squeeze story for a company that's already doing this to the extreme. i'd love to short it but tbh, shorting is such a fool's errand in this tape. so i'd just caution anyone buying the print that the upside is probably very limited and you're probably facing a much higher liklihood of decline here on a miss. i'd stay away from this.
WMT
- 24x fwd PE and barely 3.5% yield for this anemic grower into the most cashed strapped consumers. google trends look awful. trends.google.c.../trends/explore?date=all&a...
i'd guess any pop gets faded v quickly. pricing power is for the brands, not the retailers. hard to sell a cost cutting/ brand squeeze story for a company that's already doing this to the extreme. i'd love to short it but tbh, shorting is such a fool's errand in this tape. so i'd just caution anyone buying the print that the upside is probably very limited and you're probably facing a much higher liklihood of decline here on a miss. i'd stay away from this.