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On 6/11 I issued a note titled "WMT: Buy On Sale", and here we have it approaching our level in the $57 range. Patience pays. Buy Low, Sell High.

I am plenty short the US Consumer, and this is one of the few companies I can own who proactively managed their capex and expenses lower ahead of the downturn.

Wall Street might be shopping there soon too...

*Full Disclosure: I am long WMT again in my fund.
KM

(chart courtesy of stockcharts.com)