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Tear Sheet on Wal-Mart

August 19, 2015

When Wal-Mart dropped after reporting earnings the other day, I got excited. But the more I dug into the company, the more I heard the words of the late, great Warren Zevon ringing in my ears: “It ain’t that pretty at all.” Long story short, we don’t believe there is an opportunity in Wal-Mart at …

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