Reuters: Financial Services and Real Estate: Buffett's opinion on Walmart not changed by scandal

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Buffett's opinion on Walmart not changed by scandal May 7th 2012, 11:12 Mon May 7, 2012 7:12am EDT May 7 (Reuters) - Billionaire investor Warren Buffett said a recent bribery scandal at Wal-Mart Stores Inc has not changed his investment opinion about the stock. In an interview on CNBC on Monday, Buffett characterized Wal-Mart's troubles in Mexico as being caused by a group of bad apples who don't represent the broader company's values. He said such an issue "scares the dickens out of me as a CEO" of Berkshire Hathaway Inc because it could happen to any company. As of Dec. 31, Berkshire's 39.04 million share stake in Wal-Mart was worth $2.33 billion.

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