Core Viewpoint - Walmart is considered a long-term investment due to its recession-proof nature and consistent performance over decades [1][2]. Group 1: Business Resilience - Walmart is seen as a safe haven during economic downturns, as consumers tend to prioritize essential items over luxury goods [4][5]. - The company excels in providing essential goods such as groceries and hygiene products, which are less likely to be cut from consumer budgets during tough times [5][6]. - Walmart benefits significantly from the "trade-down" effect, where consumers shift from higher-end retailers to Walmart in search of lower prices during economic challenges [7]. Group 2: Financial Stability - Walmart has a market capitalization of $891 billion, with a current stock price of $111.74 and a gross margin of 23.90% [9]. - The company has a strong dividend history, having paid and increased its dividend for 52 consecutive years, qualifying it as a Dividend King [9]. - Walmart's cash flow is robust, allowing it to maintain its dividend even during economic fluctuations, providing investors with consistent income [10].