By Sean Goldsmith in the S&A Digest:

Readers are surely aware of Dan Ferris' affinity for retail World Dominator Wal-Mart. In his November 23 Extreme Value weekly update, Dan wrote:

I think we're in for a nasty several years. During that time, Wal-Mart will thrive as those who once shopped at more expensive stores do everything in their power to reduce their spending on groceries, clothing, electronics, jewelry, furniture... a typical Wal-Mart stocks 100,000 different items.

It's the low-price leader in many categories (especially groceries). Of course it's going to do well in a global recession.

The great thing about Wal-Mart... if it's not already the low-price leader in a category, it has the financial strength to temporarily lower prices to force out competitors. Video-game retailer GameStop fell nearly 10% today on concerns it may have to slash prices after Wal-Mart discounted its top video games.

Wal-Mart is cutting prices on the top-25 video games by as much as 20% through December 24. If GameStop wants to make any money this holiday season, it will need to cut prices, too.

Ironically, GameStop strategically positioned many of its stores to benefit from Wal-Mart's foot traffic...

Crux Note: For serious investors, Extreme Value is one of the best advisories you can buy at any price. To learn more - and get Dan's complete list of World Dominator stocks - click here.

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