3.26.2006

Wal-Mart: it's organic; don't panic!

Wal-Mart is going upscale and organic.

The stock is up a couple points and has paid a dividend since I recommended it. I still like it. They dominate the low-to-mid mass market. There's no reason not to use their economies of scale and unparalleled distribution system to attack the next tier. And there's still plenty of room for more international expansion.

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