Here's more what I would expect to emerge on 9/28:
1. We made our revenue number because we spent a fortune on new stores but we missed our earnings expectation. This trend is expected to continue.
2. Flu business is weaker than 2009 and without an outbreak or panic, this trend is expected to continue.
3. Duane Reade SSS will not be considered until mid-2011 but profits are accounted for in QTR 4 results and depressed earnings markedly.
4. DR was originally forecast to be accretive to earnings in 2011. It is now reforecast to be 2012, or never, before this takes place.
QTR 4 analyst's expectation: $.44. My expectation: $.37.
The only factor likely to favorably affect WAG S/P after earnings is a continued bull market rally.
So sure that he put himself out there as a financial advisor, and did not include a disclaimer - even when I asked if he wanted to include a disclaimer.
If you're a reader on this board, I would bet exactly against his posts - remember, "watch and learn" just prior to his advising to buy CVS - right before their 20% haircut? Or his "buy" call on DSCM at $90? The future of Rx filling!! Yes, Yank's been good for a few laughs over the years...
I, on the other hand, am NOT a financial advisor, and whenever I make comments on the direction this stock will go, I always use this disclaimer:
The author of this post cannot provide financial advice. The author of this post is not, nor does he represent himself to be, a registered investment advisor, broker, or dealer. Readers should independently verify all statements made on this post. All prices shown must be taken as indicative. This post is intended for informational purposes only and you, the reader should not make any financial, investment, or trading decisions based upon this post’s author’s interpretations of anyone's stock picks. Any investment should be made only after consulting with a qualified investment advisor and doing your own homework, including but not restricted to, reviewing the publicly available financial statements of the company and verifying your appropriate risk tolerance with a qualified investment advisor. A qualified investment advisor can help you determine your own risk tolerance and whether it is appropriate for you to invest in securities. Investing in securities involves significant risk and can result in a loss, not limited to, the original capital invested. Past performance of stock prices is not a guarantee of future results. Furthermore, past performance of any of the author’s interpretations of anyone's stock picks or any trading strategies, backtested systems, or other calculations devised from these interpretations, does not guarantee future performance of these methods. THIS POST IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITIES MENTIONED. THE AUTHOR ACCEPTS NO LIABILITY FOR HOW READERS MAY CHOOSE TO UTILIZE THE INFORMATION ON THIS POST.
Good luck - especially if you follow Yank!
So, I guess I should take it that you are providing financial advice, given the lack of disclaimer? Weren't YOU the one that whined on and on about stuff like this? And here you're doing the same.
No, Yank, I'm not in the business of predicions - I'm in the business of making money. If you actually believe what you wrote, then tell us all about the put options you are buying. Oh wait, that's right, you don't buy put options. And oh yeah, I almost forgot, you are waiting until it hits 8 to buy.
I, on the other hand, cycle in and out of this and other stocks, making money in bull and bear markets.
I post my trades on this and other boards all the time. Like buying DSCM at $.92 cents and selling 95% of it in a range from $3.28 to $3.78, funding a new Maserati in the process which you amply commented on. Or buying LVS at $10.48... still holding. Or buying F at $6.02... still holding. Or, yes, selling CVS at a small loss.
You pump this pig, then claim to be making money by selling the dips. So you admit it goes down. But you only pump it as going up. Gee... sounds like a SCAM to me!
So, greg, you rant in criticism but offer NOTHING as a prediction.
Are you just a coward or ar you stupid, too?
I at least put forward a prediction. C'mon, ivan, you can do it; say something meaningful! Something that has some bearing on the future prospects of Walgreens as an investment!