The sixth message

Dear LaLa,
Thank you for your sixth message. My comments follow.
Sincerely,
Prof. Sue Stiner
 
Dear Dr.Stiner
Thank you for your reply and the corrections of my English.
1.I am sorry. I don't know how to choose stocks.
Picking stocks to buy is a hard skill to acquire. You must acquire much
information about several industries and the economy. You must also
acquire much financial information about each company you are interested
in. It is time consuming. And you must be a little bit lucky.
2.I found [stockholders' equity] on Goolge. There were various explanations.
 I read some of those and choose this answer.
3. I had been to Wal-Mart Super center, When I worked in ShenZhen during 1996-1999. I had happy memories from Wal-Mart.
 So I am interested in knowing some information about Wal-Mart.
I love Wal-Mart! We will get a Super center near my home in the next few
years, I understand. Now we have two regular Wal-Marts. I shop there
frequently.
a. Wal-Mart was founded in 1962 by Sam Walton (1918-1992).
b. Wal-Mart's famous pricing philosophy is [LPED](Low Prices, Every Day).
c. Wal-Mart have four type stores, Wal-Mart Store(1962), Wal-Mart Super center(1988),SAM'S CLUB(2000),Wal-Mart Neighborhood.
d. Wal-Mart has entered into 10 countries: US, Mexico, Brazil, Argentina, Germany, Puerto Rico, UK, Korea, Canada and China.
e. Wal-Mar! t first entered China in August 1996(from1991,they planed) 
with the opening of its first Super center and SAM'S CLUB in ShenZhen. As a
 harbinger of China economic reform and the fastest growing coastal city
 in China, ShenZhen proved to be the best location for Wal-Mart investment.
 Seven years later, Wal-Mart now has 34 stores[28 Supercenters,4 SAM'S 
CLUB and 2 Neighborhood Market.] employing more than 18,000 associates.
f. Wal-Mart has Annual Reports from 1972 to 2004.
On Annual Report 2004,they showed 11-Year Financial Summary, from 
1994 they had good Return on assets and Return on Shareholders' equity,
 but the Current ratio decreased. In the 2004 Annual Report, they showed an 11-year financial summary. In1994 they had good Return on Assets and Return on Shareholders' Equity, but the Current Ratio decreased.
4.Thank you for telling me about Kate's job and how to research ancestors.
You are welcome. Do Chinese people need to research ancestors? I
suspect that much more information is passed from the older generation
to the younger generations in China. In the U.S., it is not common
anymore for several generations to live near each other. Children
usually do not see much of their grandparents or great-grandparents.
They live too far apart. So they have not heard family stories often.
So when the children are older and curious about past generations, they
must turn to government and other public records to learn about earlier
generations. Does the same thing happen in China?
> Sincerely yours,
> LaLa 
This week we learn about the second financial statement: the income
statement. The balance sheet gives us a financial picture on one day.
The income statement shows the profit or loss for a period of time.
 
 
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