Topic: How To Invest

What is Pat’s commentary for the week of October 12, 2022

Article Excerpt

In the second half of the 1990s, Walmart was a broker/media market favourite. It rose from around $10 a share in the mid-1990s, to around $70 by the start of the year 2000. Back then, Walmart stock was still featured in the broker/media limelight, and its P/E (per-share price to earnings ratio) was close to 50.0 to 1.0. After that, a 17-year lull set in. Walmart’s per-share earnings and the stock price moved irregularly sideways, in a wide range, as investors worried about competition from Amazon. Walmart shares were trading again around $70 at the start of 2017. Then investors took notice that the Trump program was, up to a point, geared to help Walmart’s middle class/working class customer base. Walmart earnings rose from $4.42 a share in 2017 to $6.46 a share in 2021. The stock hit a pre-COVID peak of around $125 a share. Since then it has stayed between $100 and $160 a share, and now is roughly in the…