Friday, January 20, 2012
The world's biggest retailer hasn't seen its stock grow in 13 years. IBM also was in a 12 year consolidation before it broke out in 2010. Last year IBM was up by 25%. I see such gains here for WMT as well. EPS has been growing, dividend is on the constant increase every year, what is not to like about WMT. The Indian govt. postponed its plans to allow International retail markets into their markets. But, with this technical breakout shaping out on the charts, any good news in that front would only be an added bonus. With a 2.5% dividend payment at this price level, I would buy any dips for the long term. A 8% stop from this level is good, stops are mandatory in investing no matter what.