So what do you do if you're a giant retailer that wants to expand into liberal enclaves on the west coast and north east but keeps running into opposition from labor unions? Jump on the first lady's healthy food initiative of course. Wal-Mart has announced that it will seek to reduce sodium and sugar content in the foods that its Great Value label sells. Michelle Obama expressed her delight by saying, "I believe this charter is a huge victory for folks all across this country."
We're currently bullish on Wal-Mart due to accelerating earnings, relatively low PE, and it's got momentum behind it. Add to the fact that Wal-Mart accounts for 33% of all grocery dollars spent in the US and potential for world-wide growth and you've got yourself a winner.
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