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The Spectacle Blog

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.

View all comments (10) | Leave a comment

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.

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