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Tweedy Browne on Wal-Mart

April 12, 2006 | About:

"We were once again net sellers of stocks in terms of dollar volume during the quarter by an over 5 to 1 margin, taking a modest initial position in only one new name, Wal-mart Stores. Wal-mart, which has a terrific long term record of above average compound growth in revenues and earnings, is trading 26% off its high achieved in 2002 and at a very reasonable multiple of estimated earnings. Warren Buffett has been building a position in Wal-mart for Berkshire Hathaway, of late, at prices roughly equivalent to what we have paid for our shares."

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Rating: 2.3/5 (3 votes)

Comments

vooch
Vooch - 8 years ago
Yep. WMT is another stock I own and will add onto it.

- Vooch

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