Walmart Will Not Be The Last Company to Guide Down

Bullish Studio

Guy discusses how Walmart is still a moving target.   Guy says this all speaks to, "What is the right multiple for the market in this environment that continues seemingly to deteriorate."   Guy says this type of guide will not only be specific to Walmart.

Transcript

00:00 Lower the stock goes maybe the cheaper more of a value it gets you know before it reported earnings guy Walmart was a

00:07 $148 stock so there's a big difference between a

00:11 $148 stock and where it is now at 120 knowing some of the warps that the you know that that the quarter holds for us at

00:18 this point

00:19 Do you think that's still moving target though?

00:21 Absolutely, I mean traded down I think

00:26 2017 was the 52 week low I think on June 15th or 16th

00:30 You have to go back and check but it actually traded lower than we're currently trading

00:33 You know a month or so ago, but to your point all of this now becomes a moving target

00:38 But again, it speaks to the conversation we've been having for quite some time. You know, what is the right?

00:43 Multiple for the market in this environment that continues seemingly to deteriorate and inflation is insidious

00:50 It's insipid and it's everywhere and now you're starting to hear the ramifications

00:55 Of it with the biggest effectively retailer in the world or one of them in Walmart and again

01:00 It's not gonna be Walmart specific

01:02 You know, it's Walmart will be the first with this type of guide, but I almost can categorically guarantee

01:08 They will not be the last

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