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  • immerlogic immerlogic Oct 1, 2012 11:25 AM Flag

    WAG was $45 15 months ago

    Where do you think WAG stock price will be by mid-winter? Expecting a stronger cold/flu season, return of many express scripts customers, added revenues & profits from Duane Reed, USA Drug, Boots acquisitions. Also, don't forget why WAG held out on ESRX deal. They were protecting margins, which should improve somewhat with the slew of recent generic introductions. WAG is not far removed from $45-$50 trading range. Walgreen is an excellent retailer and they know where they are going with the business. They are strongly focused, and executing very well.

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    • Wag will trade flat well into 2013
      No stock buyback, overpaid for BOOTs Moody's downgraded Walgreen's sr unsecured rating to negative and the CEO just said there will be "challenges" ahead in return of customers lost in Express Scripts battle

      Too many headwinds

      • 1 Reply to dr_tjm42
      • They have just completed a huge stock buyback. They aren't taking the company private, so the buyback is not forever. Moody's downgrade was expected, it's an expense, but budgeted. Yes, getting ESRX customers back is a challenge, but WAG is up to the challenge and the process is underway. As for overpaying for BOOTS you have no idea what you are talking about. A few analysts expressed that opinion and YANK popularized the line on this board but none of them have much understanding of the privately owned Jacks Boots Alliance. Walgreen has never been one to steal businesses. They do their research then negotiate a price that is fair to all. This is a very important acquisition which opens many doors for Walgreen. KKR was not about to agree to anything less than a fair price. They were not in a "have to sell" position.