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Analyst Downgrades Wal-Mart Stock on Card Check

By Philip Klein on 3.10.09 @ 10:57AM

A Citigroup analyst has downgraded Wal-Mart's stock writing that it would increase labor costs and and pinch their profits. "We believe that (Wal-Mart) would be the primary target if EFCA/card check were to be passed," the anlayst wrote. Just what the economy needs.

Comments

Pingback| 3.10.09 @ 11:40AM

Analyst Downgrades Wal-Mart Stock on Card Check — But As For Me links to this page. Here’s an excerpt:

Analyst Downgrades Wal-Mart Stock on Card Check — But As For Me .addtoany_share_save img{border:0;} var sc_project=4273169; var sc_invisible=1; var sc_partition=48; var sc_click_stat=1; var sc_security="7dc50185"; var gaJsHost = (("https:" == document.loca…

ERIC B| 3.10.09 @ 1:01PM

No one should be shocked by this. Funny didn't the Walmart managers warn their employees about this fact?

RedneckRoyalty| 3.10.09 @ 3:12PM

Why should Walmart be down rated? If their employees unionize, they will find that the benefits that they currently enjoy will be up for negotiation.

Unionization doesn't guarantee better wages and benefits. It DOES guarantee one more person picking your pocket before you see your paycheck.

Osamas Pajamas| 3.10.09 @ 3:59PM

Bust the danged unions! Hijackers of wealth!

Wayne| 3.11.09 @ 10:07AM

While it will put and benefits up for negotioation, card check has that clause, if the company and union have not reached an agreement after a certain period of time (90 to 120 days), the government will impose a contract, no negotiation, no choice. The Unions have no incentive to negotiate in good faith since they know the government goons will give them everythign they want when the negotiation period expires.

G Davis| 3.11.09 @ 12:26PM

The next generation of Brown Shirts are on their way. Hide your money and lock up your children

David| 3.11.09 @ 12:52PM

While I agree with the analysts comments. It is some what funny coming from Citi corp. Guess you need govornment bailout money to be viewed in a positive light.

Gipson| 3.11.09 @ 1:34PM

Why oh Why would anyone want to see Wal Mart
fail by forcing unions into their environment.
I depend on their efforts to keep everyday living
cost in check.

Cathy| 3.11.09 @ 1:44PM

I have had a thought about card check and WalMart. If it passes and before the President signs it, what if WalMart changed the status of all full time employees to part-time? I would think that to vote for, be a member of, etc. a union, you would have to be full time. WalMart could do it, no doubt. Just something I have thought about.

fred gudgel| 3.11.09 @ 9:04PM

this has got to stop . the people of this country had better wake up and smell the roses. socialism is not the answer, not today or anytime.i love this country and nobody is going to destroy it.

Pingback| 3.12.09 @ 9:15AM

Michelle Malkin » Threat of card check legislation sends Wal-Mart stock down links to this page. Here’s an excerpt:

…l-Mart stock down By Michelle Malkin • March 12, 2009 09:14 AM Wait to go, Democrats and President Obama: Carrying Big Labor’s water caused Wal-Mart’s stock to be downgraded: Citigroup downgraded Wal-Mart Stores Inc (WMT.N) to “hold” from “buy” saying the proposed card check legislation would increase laborcosts and could be a significant drag to…

Pingback| 3.12.09 @ 11:00AM

I thought we needed jobs? - Page 3 - Demopolis Live links to this page. Here’s an excerpt:

* DHTML Window Widget- © Dynamic Drive (www.dynamicdrive.com) * This notice must stay intact for legal use. * Visit http://www.dynamicdrive.com/ for full source code…

Pingback| 3.12.09 @ 6:20PM

Wal Mart stocks downgraded with Card Check looming | Fire Andrea Mitchell! links to this page. Here’s an excerpt:

…Stop Andrea Mitchell bias and liberal media bias! About Contact Us RSS Wal Mart stocks downgraded with Card Check looming Obama and the democrat’s war on business continues. As Spectator.org writes: A Citigroup analyst has downgraded Wal-Mart’s stock writing that it would increase labor costs and and pinch their profits. “We believe that (Wal-Mart) would be the primary target…