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To: superiorslots
So you want other american workers to earn less/slave wages so the goods you buy will be cheaper. Of course I'm sure you don't put yourself in the same category and take a lower wage.

Low level wages are not "slave wages". The phrase "slave wages" is an oxymoron. Slaves do not earn wages: by definition.

The P/E ratio of 23:1 speaks for itself. The Costco high-wage bubble is not sustainable.

66 posted on 07/22/2005 8:22:32 AM PDT by TaxRelief
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To: TaxRelief
Low level wages are not "slave wages". The phrase "slave wages" is an oxymoron. Slaves do not earn wages: by definition.

Thomas Jefferson paid wages to his slaves. Slavery is a reference to freedom, not wages.

70 posted on 07/22/2005 8:33:40 AM PDT by Moonman62 (Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
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To: TaxRelief
The P/E ratio of 23:1 speaks for itself.

No it doesn't. It means nothing without looking at other information such as future growth rate.

74 posted on 07/22/2005 8:36:12 AM PDT by Moonman62 (Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
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To: TaxRelief

WMT P/E is 20, Costco P/E is 22, not a whole lot of difference, and if one clocks this link, despite the fact WMT has been very firm on wages and benifits to the point they have taken very massive PR hits, their share price has gone down 20%, while Costco has gone up 25%.


http://www.google.com/search?oi=stock&q=stocks:WMT&prev=/search%3Fq%3Dwmt%26hl%3Den%26lr%3D


102 posted on 07/22/2005 9:04:26 AM PDT by RFT1
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