Friday, February 22, 2008

LISSA’S: The ’Lee Scott Effect’

'Since Lee Scott took over as Wal-Mart CEO in January 2000, the stock is down 5% versus a 104% gain in Target,' J.P. Morgan analyst Charles Grom wrote in a note to clients Monday. Indeed, Wal-Mart's stock price has been stuck between $45 and $60 for the past seven years. Since January, Wal-Mart shares are down 2%, while rival Target's stock has risen 8%.


source: CNN Money

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