Posted on 11/04/2009 6:14:49 AM PST by The Louiswu
My bosses kid said his history teacher is claiming that the federal gov is buying up shares of Walmart with the endgame being the gov will control Walmart at some point in the near future.
Does anyone have any info/comments on this?
Fact or BS?
Thanks
Probably B.S., but with this bunch one never knows...
Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
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LonePalm, le Républicain du verre cassé (The Broken Glass Republican)
well my sisters ex husbands little brothers friend, had a friend of his mothers cousin that says he was abducted by aliens....so anythings possible.
Public employee union pension plans might be doing it, they are some of the largest investment funds in the country.
SEIU has loads of cash. They could be buying shares while waiting for BO to give them card check next year.
That would be the end of Walmart.
“My bosses kid said his history teacher”
And what is this teacher also telling the kids???
I’ve heard nothing about that, but with this bunch you never know. I’m sure they’d love to take over WalMart and turn it over to the SEIU if they could.
It is a perfect illustration though of why you do not want the Government managing investment funds in pensions and 401K’s.
Funny thing happens when you become an investor - you suddenly find yourself wanting the company of which you own a piece to succeed. Owning shares of WalMart would put SEIU in a situation where their success as a union would mean failure of their investment. A catch-22.
Hmm.... a BUNCH of shares of WalMart are owned by employees - that is how their retirement program works - matching funds into account to buy stock.
I would think, with the sheer quantity of stock - that any effort by a single entity (the fed) to buy up a large chunk would be a very hard thing to conceal.
Is this teacher also a “9-11 Truther”?
Is the bosses kid’s history teacher a pump and dumper on the side?
My father’s brother’s nephew’s cousin’s former roommate says this probably isn’t true.
Once any entity owns more than 5% of the stock in a company, they must be listed in the 10K and once over 10% must file Form 3 and 4 with the SEC. In otherwords, any kind of beneficial ownership stake would be in public records.
Plus, Walmart has a market capitalization of just under $200,000,000,000. A transaction of that size would leave all sorts of fingerprints.
Less than 2 minutes to disprove: http://www.secform4.com/insider-trading/104169.htm
That shows insider transactions, not institutional buys.
That’s only the insider trading.
Why do you think that some third party buying large chunks of WMT will appear there ?
Ownership of 5% or more of any publicly traded stock issue is public information available at the SEC’s EDGAR website. Look up the most recent 10-K and then and 13-D and 13-G filings since the 10-K
http://www.sec.gov/answers/sched13.htm
But this information can be pulled up on Bloomberg (subscription version) in all of 2 seconds, so there’s no way it could be happening without equity analysts and financial media being all over it. The teacher is an ignorant crackpot, and his/her “teaching” on this matter should be reported to school officials. Spreading false information about publicly-traded securities is a serious matter.
My stepson’s college history teacher told him no general on either side was killed in the Civil War (War Between the States).
Off hand, I figure well over a hundred full and brevet generals, including an army commander (Johnston), were killed.
Where do they get these so-called teacher?
If someone owns (I believe) >5% of a corporation then they become an insider and have to file reports with the SEC.
My son had a teacher that said division by zero had a result of zero. Stunning.
A school teacher that played bridge with my sister-in-law (now deceased) said, with great confidence, that George Washington was illiterate.
My brother has a collection of Washington’s writings (published by an act of Congress in the late 1930s or early 1940s) that comprises about 30 volumes (small print).
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