Thursday, May 07, 2009

Wal-Mart Entices To The End

Wal-Mart (WMT) announces same store sales are up some 5% which beats the streets expectations by a country mile. The stock bounces upward. The best information is that groceries accounted for a big portion of the improved results; yet comparables are other department stores and not grocery chains.I know Wal-Mart is going off line when it comes to monthly announcements so one will expect an excellent explanation when quarterlies are released in a few weeks.