Walgreen Co. Message Board
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Goldman Sachs buys 4,809,100 shares of Walgreen
Goldman Sachs bought 4,809,100 shares last quarter
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WAG had a very good week. Someone with deep pockets is accumulating the stock.
MLevine.- 2 Replies to mlevine44
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Their may be some deep pockets accumulation. I think speculation that WAG may announce accelerated dividend may also be part of the recent action. I don't really see that as likely to happen, but the speculation has people chasing stocks and driving up prices a bit.
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yes, and this week is shaping up nicely too.. $35 should be here soon!!
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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 RED...to the tune of 7% this year. Hate this stock and company!!!
- 3 Replies to cinqolok
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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.
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If you hate the Co and the stock so much why are you here? Why own the stock?
Sentiment: Hold
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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.
MLevine.
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