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Walgreen Co. Message Board

  • moochcat moochcat Dec 17, 1997 11:59 AM Flag

    disturbing trend in DRIPland

    I've noted a disturbing trend in DRIPS, wags included.
    They've jacked up the minimum necessary to enroll while
    also jacking up the brokerage fee. Granted, they can't
    lose money, but $5 per transaction approaches some of the
    electronic brok. fees. Do you all agree? Like to get your
    input.

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    • Yes it sure has! Unfortunately, I no longer hold a position in WAG. But it was fun!

    • Hey clock98...been a long time!..."US"

    • Who knows? It dropped fairly hard once recently, from about 32 to the 27 range, before rebounding. It is trading at a PE way
      above it's historical standard; it's hard to believe than can go on for long. Of course, that's what people have been saying about
      Coke, and McDonalds, for years now, and they continue to do it. If they exceed expectations, it sould continue to hold, or climb.
      If it fails expectations, watch out! If it meets expectations, I think you'd see a drop. Everyone is expecting a positive
      earnings surprise. Me, I'm holding for 25 before I buy more.

    • If you are asking me question than I have no idea bout your question of $20. Any way I got WAG at 28 5/8 and I am happy, Come Moday WAG's earnings will be annouced and based on analyst estimate I looks positive and good. If you know of any breaking new we welcome you invaulable expertise, otherwise it is just an igonrance which is always blissed.

    • who thinks walgreens will drop into the mid or lower 20s before climbing much in the 30s? i have made a little profit buying in the 20s now but am afraid it may slip back to the mid or lower 20s.

      who thinks it could drop back to the mid or lower 20s?

    • Try SURE at $7.99 per transaction. You can trade instantly online.

    • Moochcat says:

      >I've noted a disturbing trend in DRIPS, wags included.
      >They've jacked up the minimum necessary to enroll while
      >also jacking up the brokerage fee. Granted, they can't
      >lose money, but $5 per transaction approaches some of the
      >electronic brok. fees. Do you all agree? Like to get your
      >input.

      It's only $1.50 for automatic debits. Isn't long term periodic
      investments the point of DRIP investing? I assume that the higher
      fees for non automatic debits are to discourage the in and out
      trader types.

      I'm joining the WAG DRIP in January. I plan to invest $50 a month
      for the next 20 years. Under the current plan fees it will cost
      about $1.65 per month to do this.

      • 1 Reply to usonian
      • $1.65 on a $50 investment is 3.3%. I think that is a bit high. Although it is difficult to get that % with that small on an investment in an individual stock. For a DRIP I think it is high since the purpose of a DRIP for the company is to offer the stock cheaply to broaden the shareholder base and limit the stock's exposure to the influence of traders; among other benefits . At 3.3% someone with $50 a month and an IRA may find an index fund a better deal.

    • $Five isnt too bad considering you can trust WAG while the electrocic brakers are at a littly risk I think. My broker charges $50 per transaction and I just dont pay it anymore with so much competition of there the fees are going down.

 
WAG
63.25-0.48(-0.75%)11:21 AMEDT

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