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Валгрин Ко. Message Board

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  • yank.wags_chain yank.wags_chain Mar 6, 2008 10:14 AM Flag

    How does it feel to be a WagBagHolder..

    The big box stores are cleaning up. Look at the numbers for Costco and even BJ's. And, of course, Wal*Mart... Feb SSS up 2.6% against target of 1.1%. And a major, cited contributor? Pharmacy!

    WMT slowed its pace of new store openings to improve shareholder value and keep costs low. Then they increased their share buyback to $15 Billion. And how'd their share price do? Trading near a 52 week high.

    Then there is Walgreens who has done... Oh, nevermind. No news to report, except management cashing out options and running for higher ground.

    And, to think that these two equities had almost identical share prices when I made my "Two Trains Running" analogy, some 6 months ago. Looks like the WAG Express fell off a trestle bridge into the Wag Bag Canyon.

    Tata,

    Yank

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