The stock continues to take beatings almost everyday and no one is doing anything about it.
Dirty stores are just one problem, too many more to name.
Everything from lack of leadership to poor moral.
Can anything save this old ship wreck?
I think it is too late!
I've been buying WAG every $5 down along the way (Jim Cramer style....his picks are usually bad but the strategy works) and im thinking long term. As most of the baby boomers (such as my parents) get older they will be needing more pharmaceuticals and walgreens provides a place to get your prescription filled. Also, 0 debt compared to CVS, a lower P/E than CVS, a better dividend than CVS. Walgreens also does not have many competitors compared to other companies. This is defiantly a good long term play, sure its been getting killed, I've been getting killed, but at some point the market will come back and I wish I had more money to put to work, and when it does rally it will rally big. When the DOW is down 700 even the best run companies (such as JNJ) go down with it. Just have to be patient.
Everyone has been writing about the dirty stores, which even if they are true....when this stock was 40 like 4 months ago i'm sure the stores would still be dirty if that theory even holds up. When this company was $36 6 weeks ago, the stores just ALL didn't become dirty all of sudden to cause the slide, EVERYTHING has been getting killed. Of course the CEO leaving doesn't help, but the numbers in my opinion are better than CVS, its lone competitor.
Hey Ralfie boy, you wild and crazy guy, health care spending is expected to double in the next 9 years. I'd bet scripts and other things Wags sells are going to be part of that.
Yes Wag has problems but in the very long term I think this stock will grow substantially.
I liked Jeff sorry to see him go. I guess they needed a scapegoat.