What news is that? Walgreens guidance for 2014 is enough to maintain it's present course. Guidance for 2016 will skyrocket the stock. In 2015 WAG completes the purchase of Boots. In 2015 and 2016 they execute the options on ABC which could result in WAG owning up to 23% of that company. Toss in improved margins and continued expansion into specialty pharmacy and WAG just may be worth $100 in 2016.
emt8601 - Right on, and the bill will be paid by the taxpayer. Gotta love King Obama and his POWERFUL PEN AND PHONE AND COMPLETE COMMUNIST IDEAS. BETTER YET, VAL THE IRAN GAL IS LEADING THE KING BY THAT BIG (NOSE) OR SOMETHING.
This must be #$%$, bars n' stars, koch bros., John birch, Cheeney/romney luvin' board. I wondered where it had gone. You need to start all your posts with a link to Fox and Rush. And a "yee ha." Seriously: you clowns need your own blog or board where you can conduct your #$%$ circle jerks in private. The rest of us don't need to watch
That's a nice little day dream, but 2016 is the year the stock trades for $100. There can be no reasonable expectation of more than $70-75 this year.
but why buy walgreen?
walgreen aisles are packed with stuff you can find at WALMART for less.
Walmart probably should go to school and learn to sell better produce
They could, but that would increase the number of WMT shares outstanding by almost a third. Now given that WAG trades a higher price to earnings multiple (21.2) than WMT (15), the net result would be a 33% increase in shares outstanding and a decrease in earnings per share (since WAG's addition to WMT's profits wouldn't be enough to offset the 33% increase in shares). This would put downward pressure on WMT's stock.
Is it possible? Sure, but I still consider it unlikely.