[hnthrowaway0315]

I have a feeling that those slim margins don't really mean that Walmart is making e.g. 3 bucks on every 100 bucks (https://www.macrotrends.net/stocks/charts/WMT/walmart/profit...).

There gotta be a lot of accounting magics working here. Otherwise you can't explain why they simply don't sell everything and buy bonds. I don't have a theory so hopefully some finance people can explain.

[tacostakohashi]

If they can make 3 bucks per hundred of sales, and do that more than once per year... then that beats a bond that pays only 3 percent per year...

[RickJWagner]

Found the economist. Or maybe the mathematician, I’m not sure. Astute.

[hnthrowaway0315]

Yeah that could be the explanation.