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Walgreen Co. Message Board

  • reji reji Dec 26, 1997 11:05 AM Flag

    43 Millinon Charge in 4th Qaurter?

    Can anyone tell us the "Accounting change" WAG is taking 43 Mln. Charge or .05 cents per share pre tax:

    -How it will effect WAG stock price?
    -How it will WAG earning for 4th Q 1997?
    -Does this means that WAG stock will be lackluster for next two Q's or whole 1998?
    - Any ideas what is WAG's Near Term and long term target price?
    -What is the earning target by analyst and if WAG is not going to make the earning estimates because of this charge the price will go down?
    I am confussed help me please?????

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • REJI, do not hyperventilate!! It is strictly an accounting adjustment. The standards for recognizing software expeditures
      have changed. Before a company could capitalize them over the life of the software now the company has to expense them
      immediately. The earning power of WALGREENS has not changed. It is still a cash generating cow!! The analyst will lower their estimates
      by the nickel and move on. The market is crazy but for an accounting change the price should not drop. Sleep well..Walgreens
      will still make all of us Millionaires!!

 
WAG
60.52+0.05(+0.08%)Aug 29 4:01 PMEDT

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