Wal-Mart’s (WMT) shares are running. After a tough quarter, they dropped to under $43, but are moving toward $44 today, up 1.7% on rumors that a Chinese institutional investment fund could buy as much as 4.9% of the company’s shares.
A retailer deal a la the Chinese investment in Blackstone (BX).
Maybe the Chinese can actually make money on WMT. So far US investors haven’t.
Douglas A. McIntyre