Walmart shares tumble 10%, >$21B in total shareholder wealth gone - Polidicks

[QUOTE=wickedplayer494;48927994]Plus, the anti-theft thing the closest Walmart to me uses has soooo so many false positives. Wouldn't be hard to imagine it's the same at other stores and whoever the attendant is just goes "oh, another false positive, whatever".[/QUOTE] i work at target and the asset protection guys try so hard not to get any false positives (gotta prioritize that guest service) that they sometimes just let the people walk right out the door before doing anything (if at all) and the same guy keeps returning empty iPad or Beats boxes with some random thing to give it weight. yes, the same guy. they just let him go tho and this has been going on since before i even started 3 months ago. oh and every time this guy comes in they call about it over the walkies and we all have to keep an eye on him and yet they still let him pull that shit

[QUOTE=wickedplayer494;48927994]Plus, the anti-theft thing the closest Walmart to me uses has soooo so many false positives. Wouldn't be hard to imagine it's the same at other stores and whoever the attendant is just goes "oh, another false positive, whatever".[/QUOTE] Can confirm. We ignore that thing, it goes off so much it's useless

[QUOTE=InvaderNouga;48927583]Loss prevention aren't allowed to touch customers since they're not am actual police force.[/QUOTE] Well then they aren't really preventing loss, now are they? What a weird position to have.

The day after I read this in the morning meeting our store manager mentioned this and said "Please have faith in the company". Like I give a shit. One of the Co Managers here really has it out for CAP team 1 (my job) for some reason so I am so disillusioned with WalMart.

[QUOTE=draugur;48903523]Time to invest in Walmart?[/QUOTE] If it goes to 50$/share then maybe. Last time that happened was in 2012. And the dividend they pay is 2$/year/share. It also has 6k locations outside the US, it's a pretty large conglomerate... [QUOTE]With 2.2 million employees worldwide, the company is the largest private employer in the U.S. and Mexico, and one of the largest in Canada.[5] In fiscal 2010, Walmart's international division sales were $100 billion (equivalent to $108 billion in 2015), or 24.7 percent of total sales.[/QUOTE] [t]https://upload.wikimedia.org/wikipedia/commons/thumb/8/83/WalMart_international_locations.svg/863px-WalMart_international_locations.svg.png[/t]

I read that the reason this is happening is this "race to the bottom of prices", has become unsustainable and that the employee raise basically accelerated the process. Edit: wow that was cynical.

So where does the money go? Does it vanish or... [editline]19th October 2015[/editline] I'm not familiar with economics of any degree

[QUOTE=Kairi.;48935175]So where does the money go? Does it vanish or... [editline]19th October 2015[/editline] I'm not familiar with economics of any degree[/QUOTE] No money vanished, only the valuation dropped. Say you bought a share for $10 a few years ago, which would have been its market price then. Over say, 5 years, no new shares have been created, but demand for the share has increased. As a result, the valuation, or market price, has increased to $20. So if you sold the share today, you would get $20, for a $10 nominal profit. But if you hold on to the share and its value drops back to $15, you would only be able to sell it for $15. If you sold it now, not accounting for options (you might have chosen to not involve yourself with derivatives), you would only get $15, still a $5 nominal profit. Technically, 25% was 'wiped off' of the share market when the value dropped from $20 to $15, regardless of whether shares were actually exchanged or not.

[QUOTE=Antdawg;48935203]No money vanished, only the valuation dropped. Say you bought a share for $10 a few years ago, which would have been its market price then. Over say, 5 years, no new shares have been created, but demand for the share has increased. As a result, the valuation, or market price, has increased to $20. So if you sold the share today, you would get $20, for a $10 nominal profit. But if you hold on to the share and its value drops back to $15, you would only be able to sell it for $15. If you sold it now, not accounting for options (you might have chosen to not involve yourself with derivatives), you would only get $15, still a $5 nominal profit. Technically, 25% was 'wiped off' of the share market when the value dropped from $20 to $15, regardless of whether shares were actually exchanged or not.[/QUOTE] I see, so no real value lost apart from the 1%. The rest will take a similar blow I just hope they invested a small percentage as well as different potential stocks. I don't bother myself, collecting Silver and Gold bars keeps me happy