So giving a raise resulted in Walmart making 16 million instead of 15 million. Sounds like it was a great decision. The stock will come back. Great opportunity to buy more. Yes I have Walmart Stock and I still haven’t looked to see how much I ‘lost” on paper. I don’t care because I know Walmart will be fine.
Where's the great decision? Their stock price retreated when they announced the poor earnings outlook. Shrinking profits are rarely good news, unless there are some MAJOR accounting maneuvers happening. Are you saying that since they still made billions, the decision to increase wages was a good thing?
So if that round of raises was good, more rounds are better, as long as they make some billions? Not in this pro-capitalism FReeper's opinion. Businesses are in bidness (SIC) to make money, not employ people. The employment is simply a win-win. But shrinking profits can be interpreted as a sign of shrinking payrolls and other cost cutting. That's a lose-lose.