Buried in the torrent of 2020’s news was a headline striking fear into Amazon. Walmart, the #1 retailer in the U.S., launched its Walmart+ service, aimed at directly competing with Amazon. The gold-standard in supply chain dominance, Walmart expanded globally through partnerships and acquisitions, all in a bid to retain and grow its business. They’ve even gone so far as to recently partner with social app TikTok to engage live-streamed audiences in an enhanced shopping experience. Yet, as competition rapidly increases, political obstacles mount, and valuation stretches, it begs the question… Does Walmart’s stock deserve its current valuation? A brief history on Walmart The largest retailer in the world, Walmart founder Sam Walton took Walmart from one store in 1962 to a cultural behemoth known around the world. Debuting on the NYSE in the 1970s, if you bought 100 shares at the IPO price of $16.50, you would have close to $4.2 million today....