Warren Buffett Just Dropped Walmart And Probably Signaled The Death Of Traditional Retail

Submitted by: fancylad 1 month ago News & Politics

What does Warren Buffett know that we don't? His Berkshire Hathaway holding company has sold off $900 million worth of Walmart stock, and instead putting billions it in airlines.

The sale leaves Buffett with nearly no shares in Walmart, and things don't look for them as they're already trying to catch up with Amazon Prime. I don't think anyone would mind seeing the demise of Walmart if it means smaller business can thrive.

There are 5 comments:
Male 312
Trump just won the election.  Wal-Mart has plenty of customers out there.
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Male 727
The death of Walmart would be catastrophic for the retail workers (I don't see it dying but it could definitely shift to more online presence).  As bad as they may have it being unemployed is worse.  A major shift to online retail would eliminate the jobs without equivalent replacement. It keeps the costs down at the expense of the workforce.
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Male 1,310
The stock price is still doing well.  I'm not sure what we're supposed to expect out of this news.
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Male 256
Buffet will drop wal-mart now, as the economy is looking to have some positive strong momentum now.  Airlines make money when the economy is moving. When it looks like the economy will start to slow down, it'll be time to buy stock in high-volume low end retailers again.

Its simply cyclical.
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Male 727
punko Buffet goes in for the long term.  I don't see him short cycling this.  What I don't understand is what he sees in the airlines - maybe the success at nickel and diming us?  I'm waiting for pay troilets and unpressurized cabins: $20 for an oxygen mask or you pass out above 10,000 feet.
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