In the short term, I see a short opportunity on WMT. As we enter the summer of the $4 gallon, no one is going to feel the hurt more than Walmart. Walmart does a usually brisk business in sidelines. Magazine sales are going to be the first to fall off as people start spending that $3.99 at the pump instead of at the newsrack. I expect their strong DVD, Music & Gaming business to fall off this summer. People will spend what little disposable inc at the theaters. Summer of the sequels, everybody!
Come result time, I expect sharp disappointment.
$47.49 (05/16/07)
