Last month, we had Wal-Mart (WMT) announcing its quarterly results. The results were fine, and it does seem like the company is becoming a formidable competitor to Amazon. Unfortunately Wal-Mart has been unable to grow earnings per share over the past five years. As a result, the company has kept raising dividends at a very slow pace. Given the low yield, the high P/E ratio, I do not believe...

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