Citigroup’s Deborah Weinswig says Wal-Mart is nearly a perfect Stock
I love it when a plans comes together. The Masters said it today, now CNBC and the world is behind Wal-Mart (NYSE:WMT). Citi's Deborah Weinswig said today - “On a scale of 1-10, I’d give them (Wal-Mart) a 9.5."
"The business model that Sam Walton created is perfectly positioned for the environment we live in now," Duke said, referring to the company's founder. "I do believe this is Wal-Mart's time."
That may be, but is it the stock’s time? For insights we asked the #1 Wal-Mart analyst as rated by Institutional Investor magazine; Citigroup’s Deborah Weinswig.
As you might have guessed from the headline, Weinswig is very bullish on the stock. “It’s been one of my top picks for 2009.” And she concurs that Sam Walton created the ideal store for this environment.
“Wal-Mart with their buying power is able to offer better value and they’ve increased their spending on advertising so more people are hearing about their low prices,” she says.
What’s the bottom line? “On a scale of 1-10, I’d give them a 9.5, she says.
The Masters say Wal-Mart gets a 9.5 as well, but this action figure (see right) gets a 10.
Read the Full Article at CNBC - Click Here
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