Tuesday, April 05, 2005

Wal-Mart at 16x 2005?

A Morningstar article speculates that Buffett is acquiring shares of Wal-Mart. At the 2004 annual, he spoke about making an "error of omission" after being scared away from the stock after a small price move. The big box retailer currently trades at 20x 2004 EPS and 16x projected 2005 EPS, and is below 2000 highs - it certainly looks relatively cheap.

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