Matthew Waterman
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Matthew Waterman in Brand Power,

Walmart Down Over 10% After Disappointing Guidance

Shares of Mega-retailer Walmart (WMT) closed down 10.04% today after the retailer issued disappointing guidance. The company said it could see profits decline by up to 12% in Fiscal year 2017. The drop pulled down the entire retail sector alongside it. 

The company, now trading at less than 13 times trailing earnings presents a solid entry point as a value investor. Growth may indeed slow down during this perious, but the current dividend yield approaching 3%, and the undoubtedly overblown reaction by Wal-Street will allow new investors a generously low price.