Friday, June 06, 2008

Wal-Mart: Capital Spending Will be at Low End

by Bill McBride on 6/06/2008 02:07:00 PM

From MarketWatch: Wal-Mart sees growth both in U.S., overseas

Chief Financial Financial Officer Tom Schoewe also said it's "highly likely" that Wal-Mart's capital spending this fiscal year will be at the low end of its previous estimate of $13.5 billion to $15.2 billion ...
A billion less capital spending here, a billion there ... and the non-residential investment slump is here.