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Be Wary of Big Food Companies Trying to Impress The Street with Acqusitions

June 22, 2009

Sara Lee May Mull Acquisitions to Drive Food Growth | www.bloomberg.com

Sara Lee says they want to buy some new businesses at the same time they are cutting $250MM from costs.  Their main complaints are about their stock price.

Outlook for Walmart

June 22, 2009

Goldman Sachs' Downgrade of Wal-Mart Incorrectly Favors Discretionary Retailers 4 comments | seekingalpha.com

In aggregate, shoppers will not stay overly thrifty when times are better, but Walmart is using this time to improve their merchandising and their place in customers' lives.  They have a strong hand. Many of their competitors are not moving ahead in merchandising during this recession.  Walmart is. Walmart's performance outside the US is more important than the US in terms of contribution to their long term growth.

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