I have held this stock over a year and am sitting on an 8% loss.
2006-08-19 16:37:53 · 11 answers · asked by Tracy S 2 in Business & Finance ➔ Investing
Why do you want to sell - do you need the money? It pays a dividend (albeit small at 1.5%), but if you sell now you "guarantee" the 8% loss. I also don't know how much you own of it, but at a minimum, unless you have some capital gains that you'd like to charge the losses against, or you think it's going to dive-bomb again (and understand that retails been under alot of pressure because of oil prices, which have stabilized) I think it's premature to bail.
2006-08-19 16:45:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
hold onto it. they're going through a building phase. And prices and interest rates are getting higher. Everytime this happens people start shopping Wal-Mart again. I worked for them back when Mr. Sam was still living and it was all about people back then, not just making money. During the seven years I worked there the stock split twice. A good rule of thumb is not to invest if you're in it for short term. Be willing to hang in there and don't invest what you can't afford to lose.
2006-08-19 23:46:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
My "gut" feeling is to sell it, and if you're wanting to stay in that sector head over to Target (TGT).
The reason I feel this way is public opinion seems to be mounting quite heavily against Wal-Mart. (Start watching your nightly news to see an increase in cases of communities acting to keep them away)
Plus, in comparison with Target - Wal-Mart is seemingly getting more and more dirty, both in terms of store cleanliness as well as the customer base that shops there. I for one have a hard time tolerating standing in line for 15 minutes when I try to buy a single bottle of shampoo, standing behind people that are attempting to use food stamps and coupons from competitors (a very time-consuming process). Target eats their lunch in this department - I don't believe I've ever stood in line there beyond 2-3 minutes. (And no, I have not been there on Black Friday ....) Plus, Target gives off an aura of being much cleaner and seemingly "upscale" compared to Wal-Mart, although the latter is more than likely just an illusion.
2006-08-20 03:30:03 · answer #3 · answered by JBReafsnyder 2 · 0⤊ 0⤋
My grandmother put in stock over 25 years ago, just a small ammount, and now has over 1 million in stock! Keep it there! It will go back up! It's Wal-Mart!!!
2006-08-19 23:44:25 · answer #4 · answered by Autumn_Anne 5 · 0⤊ 0⤋
Id wait till your past 15% to sell the stock they might come thru for u
2006-08-19 23:42:27 · answer #5 · answered by Anonymous · 0⤊ 0⤋
i say hold on to it...walmart is a huge company and usually the stocks of huge companies generally slowly rise...its a trend...blue chip stocks i think there called...so yea hold on to it..i doubt ull lose much more than u already have
2006-08-20 21:06:55 · answer #6 · answered by up_riser 1 · 0⤊ 0⤋
Walmart should go back up soon because of the holidays. Walgreen is another good one to have.
2006-08-19 23:43:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Wal-Mart is going to have a turn around, so hang on
2006-08-19 23:44:59 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Hold on to it. They will soon own the world!
2006-08-20 00:26:14 · answer #9 · answered by sumrtanman 5 · 0⤊ 0⤋
Hang tight...I dont think they are going ANYWHERE. Do some research, they continue to build, we continue to come.
Just my opinion.
2006-08-19 23:41:58 · answer #10 · answered by Bruce B 4 · 0⤊ 0⤋