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  • rgsam54 rgsam54 Apr 19, 2007 12:47 PM Flag

    Anyone think a stock split may be coming?

    Walgreens philosphy on splits:

    They will not split until the stock gets into the $50 dollar range and solidifies there.

    Believe it or not Walgreens was going to split on its 100th aniversery. But that was negated because of 9/11 and the stock market took a terrible hit.

    The shares of stock are already there it was approved by the SEC. When it gets into the 50's your guess is as good as mine.

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    • What is your authority for "100th aniversary stock split" negated by 9/11.

      Are you saying that the SEC has already approved a stock split before it has even been announced?????

      If these things are just your opinion, say so, but please, do not attribute to them some vague authority that really doesn`t exist

      • 1 Reply to wheraty
      • Regarding your message. After the last split Walgreen outstanding shares where about 1 billion and only had authorization to issue about 1.2 billion shares of stock to issue, which also would include stock options. Any company must get approval with the SEC to increase the amount of shares a company can issue. Which they did. They got approval to increase the amount of share to 3 billion. Now Walgreens is in position to declare a split when the board so decrees. I have been a stock holder with this company for about 22 years. They have followed this procedure to increase the amount of shares to issue in each of their splits. This happened before 9/11. Now they are position for a split.

        On Walgreens 99th aniversary Walgreens extended options to every employee. Which was first for company. Even the lonely cashiers had this perk.

        On the 100th Aniversary. My source is one of my Ex-students who is an executive. Walgreens Was suppose to issue a split on its 100th aniversary. but then 9/11 hit and that washed away any hope of that plan

        Your welcome

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