Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Friday, July 28, 2006
Walmart German Retreat
Walmart (NYSE:WMT) has sold their German operations. No specific reasons were given other than a general comment about the fit no longer fitting. Not that long ago they also retreated from South Korea. So much for global domination. Walmart needs to make some public statements about how they view their global operations. Investors need to be concerned about retailers who cannot do well in economies where the public has money in their pockets. Does everything have to be a complete monopoly or Walmart cannot play.