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Walgreen Co. Message Board

  • investora2z investora2z Mar 22, 2013 6:28 AM Flag

    WAG - Making new highs

    Whichever stock makes new highs every day should be given due respect. WAG is, at least, making new 52 week highs often over the last few months. The all time highs of around $50 are also not too far away, and the way it is going, that may be possible sooner rather than later. The stock is up around 60% from its 52 week low ($28.53) made in June last year. The stock is extremely buoyant, and the ten day average volume is around 8.9 million compared with the average of 6.9 million for 3 months. The good part is that the average dividend yield has been in excess of 2% for the last 5 years, and it has a very long history of continuous and growing dividend payments (47% payout). With 63% institutional ownership, it is definitely preferred by smart money. The stock is well above its short term averages of $41.60 and $37.47 (50 and 200 DMA respectively). The market cap is $43B compared with revenue in excess of $70B (ratio 0.61). The net profit margin is 2.9%, and the quarterly growth is 10.7%. The PEG is a modest 1.09. With debt on books of $6.3B, the company is comfortably placed with cash of $2.43B. The odds of this momentum to continue are high as the increase has been supported by huge trading volumes. The stock may soon challenge the all time highs, and also keep rewarding investors with growth in dividends. The retail chain company is highly respected, with companies vying for shelf space and access to its vast network. Companies like MusclePharm (MSLP) have chosen WAG to sell its nutritional supplement products. In fact, WAG even gives away awards like the Rising star vendor award it gave to MSLP (a $78M company) for 2012 in the sports category.

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    • You are correct techinically, but fundamentals do not follow. I am just following to find a correct time to short since it hit $42. Too crazy to short when it hits 52 week high. When volume dries up, and momentum slows down, I will jump in with 10k short shares.

      Crazy valuations based on this and next year estimates.
      check the key same store sales declines and comapre with CVS numbers. You can even go after WMT.

 
WAG
71.45-1.84(-2.51%)Jul 28 4:04 PMEDT

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