Why Smart Investors Scoop Up Walmart No Matter the Price
Naturally, investors care about the price they pay when buying shares in a company. After all, the maxim is "buy low, sell high," which maximizes your return. Nonetheless, there are some businesses that are worth jumping in to buy, no matter the price, since they are core long-term holdings with strong growth prospects.
Walmart (NYSE: WMT) belongs in this esteemed group. This retailer opened its first discount store nearly 60 years ago, but it retains strong competitive advantages that will allow the company to continue to prosper.
Image source: Getty Images.
Source Fool.com
