If you are a long-term investor, then you should not be discouraged by Wal-Mart's guidance announcement, an an analyst said Thursday.
"We believe that this company is going to continue to grow; that this is transitory," said Chad Morganlander, Washington Crossing Advisors portfolio manager. "This isn't a company that is going out of business anytime soon, and we feel as if they overall trajectory is going to be for the stock to go well in excess of 5 to 10 percent."
Despite, Wal-Mart's lowered guidance for the year, the company is reinvesting in itself in order to grow. Looking at the reasons behind the move may make it less painful for investors.
The company is investing $2.7 billion in its workforce over the next two years. It's also chalking up roughly $35 billion over the next three years to invest in its e-commerce operations.