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"Wal-Mex" - A growing behemoth from the South


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Wal-Mart subsidiary offers double-digit net income growth

Ever wonder what your life would be like today if you or your parents had possessed the foresight to invest in Wal-Mart (NYSE: WMT) back when it was just a young, upstart company from Northwest Arkansas?

If so, you may be interested in Wal-Mart de Mexico, a little-known company to most U.S. residents that trades as an ADR in the over-the-counter market under the ticker symbol (PINK SHEETS: WMMVF).

Wal-Mart de Mexico, or WalMex as it is often called, is currently the largest private employer in Mexico, with 997 stores and over 150,000 employees.

As of Nov. 30, WMMVF had a market cap of nearly US $31 billion and yearly sales of $19.9 billion, equal to 1.75 percent of Mexicoís gross domestic product (GDP). Whatís more, the company controls about 30% of all Mexican supermarket food sales and approximately 6% of all retail sales.

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