SNEAKY: WalMart sells considerable amount of shares on Friday before their store closure smoke screen

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“Last Friday the Walton family, heirs of Wal-Mart Stores Inc. (NYSE: WMT) founder Sam Walton, announced that the family business, Walton Enterprises LLC, would would distribute about 6% of its holdings to a newly created Walton Family Holdings Trust. The Walton family’s stake in Wal-Mart has risen to about 50% as a result of share buyback programs, and the family is satisfied to control the company’s biggest stake without actually owning enough stock to give them actual control.”

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About Gunny G

GnySgt USMC (Ret.) 1952--'72 PC: History, Poly-Tiks, Military, Stories, Controversial, Unusual, Humorous, etc.... "Simplify...y'know!"
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