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Hot Stock #3 – Wal-Mart (WMT)
There are those who accuse retail giant Wal-Mart (WMT) of being the ultimate mom-and-pop store predator.
I consider Wal-Mart to be the ultimate empowerment tool for consumers. The retailer gives millions of people around the globe access to low price
goods — and by extension, creates wealth via the low-price savings dividend we all benefit from. Wal-Mart also provides millions of jobs for
people around the globe.I think Wal-Mart’s real virtue lies in the fact that the company continues making solid profits. By selling people what they want, at the price
they want — and by making profits for their shareholders — Wal-Mart has become of the most brilliant examples of capitalism the world
has ever seen.
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