WAL-MART ACCUSATIONS MAY BE OPPORTUNITY
When does $1.00 equal $720? When Wal-Mart Stores Inc. /quotes/zigman/245476/quotes/nls/wmt WMT +2.69% loses $720 in market value for every $1 of alleged bribes in Mexico. But maybe the larger question is whether or not that loss provides an opening for investors. I think that it does.
The bribery accusations
According to the New York Times , Wal-Mart allegedly gave bribes worth $24 million to Mexican officials. In the article, top executives of Wal-Mart are accused of a cover-up.
In a very short time, Wal-Mart has become one of the biggest private employers in Mexico. The company has been very successful there, having brought 15% to 20% lower prices on goods that are popular in the country.… Please click here or the title below to read more.
April 26, 2012