Thinking of shorting WMT
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Anonymous
| not only is EBT a significant portion of their grocery revenue, the lootings will hurt their margins. Any reasons not to buy puts on WMT? |
Anonymous
| You're going to be so rich, OP! |
Anonymous
| I’ve had 3 people bring this up to me in the last week. Be careful of roaring kitty and his legion of minions. |
Anonymous
| Sounds dumb. Depressed economy helps them as more middle class people shop there. |
Anonymous
Reports said they were poised to lose $1B. Shorting this is so crass. |
Anonymous
Something like 70% of their revenues from snap and ebt. That’s why people are talking about shorting it. Still dumb though. It be better to wait for it to drop and then buy. |
Anonymous
| There is no way the govt will stop the bread and circuses -- no way that the welfare food handouts will stop. I wouldn't make an investment based on that. |
Anonymous
|
Most SNAP benefits go to red states. Rural areas are very dependent on them, so I can see the logic of betting against Walmart stock. Very crass though to profit off the poor this way.
A judge may force the govt to spend the emergency funds. It was used in the last Trump term, but the current Trump admin is using it as a wedge issue. There are predictions that the Fed shutdown could extend past the holidays. So lots of companies could be affected. |
Anonymous
exactly, i am going to drop some one month 1sd puts on WMT |