Wal-Mart: Cruising for a Bruising?

By Amy Tsao

WHAT IF... Realistically, Wal-Mart would have to get a lot bigger and meaner before it could be charged with violating antitrust laws. Blaylock's Mandel points out that it probably has only about 6% of the $3 trillion taken in by U.S. retailers. And while Microsoft had strong corporate enemies who accused it of antitrust activity -- not to mention a legion of state attorneys general -- Wal-Mart's main detractors are all "small, diffuse, and silent," says Donald Luskin, chief investment officer at research boutique Trend Macrolytics.

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