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Walgreen Co. Message Board

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  • mlevine44 mlevine44 Nov 15, 2012 10:58 PM Flag

    How WAG blew $300M on buybacks

    Chicken feed! I hope that management continues to use cash flow to reduce the float. It doesn't matter whether they get the low tick. They end up dollar cost averaging, if the buyback program is professionally administered. Higher eps results from fewer outstanding shares.

    Mngmt must have felt that the Boots acquisition was just too good to pass up. We'll see.

    WAG is a safer place to hide during recessions than bonds or CDs. People will continue to buy drugs and health and beauty over the counter products. Also, it would appear that alcoholic beverages are off to a good start.

    WAG is taking business back from CVS and will continue to do so.



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