Shelly Banjo, Columnist

Skip the Sale at Walmart

Don't be fooled by a one-day pop in the stock on low expectations.

November 17, 2015 at 5:33 PM UTC

Updated on

November 17, 2015 at 5:34 PM UTC

Shelly Banjo leads the global business team for Bloomberg News in New York. A former New York bureau chief and senior tech writer, she’s covered business, finance and economics for two decades.

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This time around, don't buy what Warren Buffett is selling.

When the billionaire investor trimmed his stake in Walmart by 7 percent, he said the move wasn't a reflection of a souring stance on the retailer but a decision to free up cash for acquisitions. Berkshire Hathaway still owns $3 billion worth of Walmart stock.