THE YEAR’S WORST-PERFORMING BILLIONAIRES…

Oh those poor, poor Waltons. Writing in In biggest ever drop, Walmart loses over $20 bn for Dispatch Times, Newsmedia laments:
[Walmart] slid further on Thursday. €82 is the highest target while €57 is the lowest. The blue-chip heavyweight closed with a 10.0 percent loss. South Korea’s Kospi index of shares rose by the most in a month and government bonds added to early gains. won appreciated 1.5 percent, the most since November 2011, to close at 1,130.30 a dollar in Seoul, data compiled by Bloomberg show. “(Wal-Mart) is an influential stock that has moved up and down with the Dow and when we break through a major support level like that’s significant”, said John Kosar, chief market strategist at research firm Asbury Research. They have a TP of $62.00 on WMT or 4.47% more upside. That drop was bad for anyone who owns shares of Walmart.
The Wal-Mart heirs lost big time. The company has a market cap of $192.45 billion and a P/E ratio of 12.41. One thing that surprised Grom and his team was that Wal-Mart’s guidance includes about $20 billion in share repurchases over the next two years. The four shareholders, three children of Sam and Christy, the surviving spouse of a fourth sibling, are among the year’s worst-performing billionaires, losing a total of $41 billion since 1 January. Oh, the humanity. In my ongoing quest to back fill stories, take a look at WILL WALL STREET STAY WALMART'S COURSE...? from 8 September. Jeff Hess: Have Coffee Will Write.

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