Wal-Mart: Stock Of The Century
Tim Knight | Jul 11, 2012 01:02AM ET
I know I've mentioned Wal-Mart (WMT) before as a breathtaking stock, but I feel compelled to mention it again as it is pushing to never-before-seen highs in an otherwise boring market.
People point to Apple (AAPL) as the ultimate "gee, if only I'd bought it" stock, but Wal-Mart puts Apple to shame. If you had bought AAPL at the IPO (and held on during the gut-wrenching ups and downs before it finally found its footing about a decade ago), your gain would be 15,000%. Not bad!
Wal-Mart, on the other hand, is up more than 190,000%. There's a reason that Sam Walton's fortune, even when broken up into little pieces among relatives, since puts all of them near the top of the world's richest people.
Even though Wal-Mart is sort of a running joke, it's undeniable that this must be an astonishly well-managed organization. They say you can't argue with success, so I would suggest that any arguments against Wal-Mart would be swiftly snuffed out with just one glance at the chart below. If God himself came down and said this would be a $200 stock in a few years, I wouldn't have any reason to doubt it.
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