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Bite Into Wal-Mart if the Stock Falls in Wake of China Meat Recall

Tickers in this article: CAT WMT

NEW YORK (TheStreet) -- Wal-Mart is having to recall "Five Spice" donkey meat from stores in China after fox meat was found in the packages. The provincial government in China has ordered a halt to the sales of donkey meat by the supplier, Dezhou Fujude Food Group, according to an article in Bloomberg Businessweek.

If Wal-Mart shares fall on the news, investors should look upon this as an opportunity to buy the stock at a discount for the long term.

After all, investors were rewarded for picking up shares when Wal-Mart's Mexican bribery scandal surfaced in April 2012. At that time, Wal-Mart shares were trading for less than $60 a share. Now they're changing hands for about $78.90.

Warren Buffett bought more than 7.6 million shares of Wal-Mart at $61 in the first quarter of 2012. At present, Berkshire Hathaway owns close to 50 million shares of Wal-Mart, its seventh largest holding.

When scandals hit that do not affect the core operations of a company, they can present an excellent opportunity to accumulate shares.

A recent series of articles on TheStreet, "Least Favored in 2013," discussed companies that had been affected by "shockers" in 2013. These included Caterpillar , the biggest heavy equipment maker in the world and a member of the Dow Jones Industrial Average. As I wrote in an article for that series, Caterpillar lost a great deal of money because of its purchase of a Chinese company that had fraudulent accounting.

But Caterpillar recovered from that scandal and is up more than 11% in the last six months.

The same should be expected of Wal-Mart if the stock price falls due to the donkey meat scandal.