Anti-gunners buying stock in companies that sell guns, then forcing stoppage of sales

[BSA1]

"Wal-Mart Stores, Inc. was incorporated on Oct. 31, 1969. On Oct. 1, 1970, Walmart offered 300,000 shares of its common stock to the public at a price of $16.50 per share. Since that time, we have had 11 two-for-one (2:1) stock splits."

I'll let someone better at math than I am figure out how many shares this is.



http://stock.walmart.com/stock-information/dividends-stock-splits/

 

[Officers'Wife]

"Wal-Mart Stores, Inc. was incorporated on Oct. 31, 1969. On Oct. 1, 1970, Walmart offered 300,000 shares of its common stock to the public at a price of $16.50 per share. Since that time, we have had 11 two-for-one (2:1) stock splits."

I'll let someone better at math than I am figure out how many shares this is.



http://stock.walmart.com/stock-information/dividends-stock-splits/

2 to the eleventh power times 300 000 would come to over 640 million shares

 

[Bigdog57]

Am I the only one who thinks there is something inherently WRONG with a CHURCH owning stock in a for profit company!? This should void their tax-exempt status immediately. They are playing the liberal/socialist game of engaging in societal manipulation. This is NOT in their rightful bailiwick.

 

[MachIVshooter]

Nothing will turn a corporation on its heels faster than losing a lawsuit.

True of most, but we are talking about the second largest (and by a slim margin) corporation in the world. Annual revenue of a half trillion dollars, annual GP of $120 billion.

They're not afraid of lawsuits.

 

[barnbwt]

Maybe their next bright idea is to invest heavily in Flint Publications...

 

[herrwalther]

True of most, but we are talking about the second largest (and by a slim margin) corporation in the world. Annual revenue of a half trillion dollars, annual GP of $120 billion.

They're not afraid of lawsuits.

Lawsuits have far more effect on corporations than just the monetary loss to the damaged party. Regulatory laws enacted in response to tort proceedings are often a one-two punch to corporations. A good example of this is when McDonalds was sued by an elderly lady over their overly hot coffee. Not only did they lose money in the settlement, they abide by internal and external regulation to prevent further litigation. Not to mention the time and court costs associated with a long trial. Corporations would rather just walk away regardless of how much money they make.

 

[danez71]

Yes, they do and they should have more say in how a company is run. For example, executive pay should be approved by shareholders, not the Board of Directors packed with other executives.

.....As should we have more say in our politicians pay rather than them voting themselves raises.

 

[another pake]

"the nation’s largest gun retailer"?

Low hanging fruit, and lots of it apparently.

If Wallmart shareholders exercise their right to voice an opinion it does not nullify the demand that Wallmart customers fulfill by purchasing guns there. Actually I'm encouraged that so many people do shop for firearms there. I'm not one of them for the most part because they don't carry the type of firearm that I'm interested in. I may have refined my tastes and interests since I first started but someone has to sell those first guns. It tells me that the firearm owners base is broader and wider than we give it credit for.

Someone will fill that void.

 

[buck460XVR]

Someone will fill that void.

^^^This. If the number one gun retailer in the nation stops selling guns, it would open up a whole new market for your LGS. Then there's the online gun stores that have driven prices on firearms for the last few years. Guns won't disappear because Wally World quit selling them. Besides, the majority of investors invest to make money, very few will lose monies just on principle. Simple Human greed.