Why Wal-Mart Missed the Mark on Sales

Bloomberg Video

Nov. 17 -- Budd Bugatch, managing director and senior analyst at Raymond James, examines what Wal-Mart's third-quarter results say about the retailer's business plan. He speaks with Bloomberg's David Westin on "Bloomberg Daybreak: Americas." Bugatch, his family, and firm, do not own shares of Wal-Mart, but his firm makes a market in shares of the Wal-Mart Stores, Inc.