I never said all high schoolers are thieves. However, if Wal-Mart treated people better, that wouldn't *have* to attract 600,000 new people every year.
Costco is not expanding as fast as Wal-Mart, but I think, in the end, their business model will prove to be more stable. There's only so much more Wal-Mart can expand.
As long as their model is geared to part-time and first-time employees, many who are on their way to other careers, they will *have* to attract those kinds of numbers.
I make no value judgments here. I only say that their models are different and both seem to work. How can you argue with Wal-Marts success? You can't.
Let Costco try and accomplish what Wal-Mart has. No doubt they will have to change how they do business long before Wal-Mart will.
Costco is not expanding as fast as Wal-Mart, but I think, in the end, their business model will prove to be more stable.
Earnings growth is what drives stock value. As an investor, I would choose Wal-Mart for that very reason. They have just begun to grow internationally. They are kicking Carrefour's butt in Europe and, with all their cash, they will be able to acquire competitors - all resulting in continued growth.