Q: Wondering about selling Walmart and replacing it with Atd.. have held Walmart for short time but have more interest in a Canadian company now.
Thanks, Lesley
Thanks, Lesley
5i Research Answer:
We think WMT is fine and it has certainly performed. We would consider it a solid defensive name. BUT...ATD is much, much cheaper (more than half) on valuation, and we think has more upside potential in the next couple of years because of this. We would be fine with a switch, especially for an investor with more interest in a Canadian name in the sector.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in WMT.