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  • cinqolok cinqolok Nov 21, 2012 5:35 PM Flag

    Goldman Sachs buys 4,809,100 shares of Walgreen

    Guess they bought in June under $29, because if you didnt buy WAG in June, you would be way down for the year. Not one other stock that I own can I say the same thing about...just WAG...its my only holding in the the tune of 7% this year. Hate this stock and company!!!

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    • GS isn't buying WAG for a short term trade. Their thesis on WAG will take time to play out. The shorts are looking for a quick pop. GS is playing a long term trend in healthcare. If Obamacare goes into effect, WAG is very well positioned with neighborhood clinics available to serve a larger insured base.

      To date, the clinics have not been very profitable for WAG, but they are an investment for the future. Doctors will be forced into hospital practices. They will not be available to handle non-urgent care in a convenient way. The opportunity for WAG could be enormous for treatment of chronic disease processes and routine care.

      Short term, WAG must manage through a changing environment for healthcare and a weak economy (getting weaker over the next year). Speculators who are long, or short, will likely be disappointed. Long term investors who understand what GS sees going on at WAG will do very well.

      I wouldn't be surprised to see Buffett start to accumulate a large position, as well.


    • Not one for the long haul, eh? Not many are. Patience has to be cultivated. If you hate it, and can bail, ignore the consistent rise in price, dividends and positive attitude by those with an eye for undervalued, quality, dividend paying stocks..and get out tomorrow.

    • If you hate the Co and the stock so much why are you here? Why own the stock?

      Sentiment: Hold