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Walgreen Co. Message Board

  • getabrain getabrain Oct 3, 2007 11:30 AM Flag


    Is Wall Street so greedy that they punish a stock for making a PROFIT? The way this stock has been treated the past few days, you'd think the company made NO profit and were in the hole big time.

    Just because some analyst screwed up and overestimated seems to be a ridiculous reason to trash a company as good as this one, especially when profits were made that many retailers wish they had made.

    Is it because WAG has little or no debt and doesn't feel the need to suck up to Wall Street? Is the street punishing WAG for being so independent?


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    • What's wrong shill?
      Don't you like my buddies at GS?

    • you would think it was a down and out electronics retailer (CC) the way it is trading! Of course even that POS is up 5% today.

    • Thats how all the big-guys make their $$$. they scare the hell out of the little guys and then they cleanup. If possibe just hang in there, recovery is not too far away.



    • Analysts don�t like surprises. Their reputation is based in part on their guesses. They punished WAG for this surprise. Then, I believe they piled on and unjustly beat it up. I believe this is the analysts� way of telling other companies that they don�t like surprises. They could be making an example of WAG. Time will tell. I think this is a good buying opportunity. My advice is to let the dust settle. Once the negative news is yesterday�s news, the stock should bounce. Look for a stock buy-back announcement in the near future����.

      • 2 Replies to lauria1111
      • Honestly, think for a second as if you DIDN'T already own WAG stock. Here is the poster child of boring, old-fasioned retail, at a time when "old fashioned" retail is not much in favor (think WMT). Now they say, "hey the only thing we have going for us (predictably delivering our targets...which WE pretty much set) isn't something you can count on going forward. PLUS, here's the good news! We didn't even see it coming!" As an analyst who's recommended WAG as a part of your clients portfolio (SPECIFICALLY because of their plodding predictability) what are you going to do? You're going to tell your clients to get out of WAG because they have expense control problems and no alternative revenue streams, and consider putting the money into companies that have anticipated generic reimbursement issues, retail risk, etc., and have proactively set themselves up in hardier long-term positions. (bought a major PBM accounting for as much annual revenue as the retail stream does, Minute Clinic, AGGRESSIVE expansions into non-core markets without the long term pain of organic "pecked to death by a chicken" expenditures, etc, etc,)... Say, like a CVS. If you think WAG (which has languished at $44 or so for over a year is going to come back up just because they get back to where they were before the announcement, YOU'RE NUTS) I'd sell now. Like a minute ago.

    • no kidding. I'm watching this just drop. Was going to sell yesterday at 40.14 near the close and move on but it was strong so I held. Today it hit 40 and I was really tempted. I have 5 others that are up 3% if I made the exchange. Stupid me. Too much selling going on.

    • You're right. Sooner or later WAG will be back in 45-47 in weeks

    • Stocks go up in anticipation of GROWTH. There is none even imagined here. That is why this is dead money. That is why it is DOWN again TODAY!!!!!

62.00-0.15(-0.24%)Aug 20 4:02 PMEDT

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