I'm sorry to quit building would be a death sentence. Walgreens still needs to expand. The urban sprawl will continue. Growth is the corner stone for the future and Walgreens is expanding on different fronts. Price will continue to grow if they continue their strategy espically with the population keeps getting older. This economy problem will end just like every other. Walgreens next expansion will be Japan and its neighbors. they don't have any drug store chains. This Idea has already been explored and will be
And will implemented. I have been with Walgreens for 25 years. This stratgey is sound. You must be patient. Why Walgreens price is expanding I just don't have an answer. and Nothing that has been posted makes sense on why. Before the last split Walgeens price was around 55 with a PE of about 58. If we didn't have the last split the price would be aroung $47. with a PE of about 12. They have continued expansion. Sales keep going up even after 9/11 which hurt everything. and this so called recission that we are in. The S/L crise of the 1980' and the oil embargo hurt us much more and the newspapers can only report doom and gloom. they are good for shit. There are only a smaller amount of banks that are reallly hurting and Walgreens is still managing to do pretty good with all this shit. After this is works it way through. who ever buys in now won't regret it.