Hedge fund manager Whitney Tilson is the latest to weigh in on Wal-Mart’s recently announced plan to turn its operations around by investing heavily in online sales. Wal-Mart’s shares are down big since the company made the announcement, but Tilson believes that buyers should beware of a value trap.
Losing Battle
It’s no secret: Wal-Mart has been losing market share to online rival Amazon. This year alone, Wal-Mart’s stock is down 30 percent, while Amazon’s is up 80 percent.
Tilson’s Comments
Tilson believes…
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