Why Walmart Could Be the Surprise Stock of the Decade
Walmart (NYSE: WMT) stock has long been something of a contradiction.
As the world's biggest company (based on revenue), Walmart has plenty of competitive advantages, including economies of its scale, store locations within 10 miles of 90% of the U.S. population, and a reputation for low prices that sits at the core of its customer value proposition.
While those components have helped make the business an undeniable success, the stock has underperformed through most of the 21st century. In the first decade, the stock traded sideways as it grew into its valuation following a surge during the dot-com boom. In the second decade, Amazon's (NASDAQ: AMZN) success weighed on Walmart, and it was seen as vulnerable to the e-commerce giant.
Source Fool.com
