WMT is spending a generous amount of money upgrading its stores nationwide and doing it on a grand scale. The amount of investment they are putting into their stores is going to pay off in the looong run, but for now, this quarter is going to see some hit on the profit line. we’re waiting until after the earnings reports to make a buy, and then hold for around 2 quarters and sell in Q1 2011, after they report stellar holiday earnings and the upgrades are off their books for 2 quarters.
