Is this one of the biggest investing mistakes of all time?
On August 21st, Walmart sold its entire stake of 144.5M shares in JD for $3.6B. $JD.com (JD.US)$ $Walmart (WMT.US)$
As the Chinese government unleashed a wave of stimulus, causing stocks to soar. JD, in particular, has surged roughly 66% since Walmart’s sale.
Had Walmart held onto its shares, they would now be worth about $6.5B.
In other words, Walmart missed out on nearly $2.9B in unrealized gains. This seems to have come right out of Jim Cramer’s playbook.
Jokes aside, hindsight is 20/20. JD’s stock was down about 10% over the last five years, making the sale seem reasonable at the time. That being said, it's certainly painful in retrospect.
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151690898 : h h h h h h h h h h h h
scarlight : hmm, funny, so someone actually trusts Jim Cramer without understanding at the time Walmart needed cash
102481566 scarlight : Exactly
102962635 scarlight : when walmart needs money everyone says its right cause they need money, now china pumping money for companies for liquidity you all say it doesn't help anything lol then ok then
scarlight 102962635 : I don't remember if I said anything about it doesn't help anything?.