I just read an article on Walgreens latest shareholder meeting in January. Chas says that with the intercom plus in place and their new inventory management system they will generate $1billion in cash flow over 4 years. This is incredible. With this cash and no debt, this company is poised to kick some serious butt. What a great company to own stock in. This is a definite buy on weakness stock.
WAG oftens dips when the market is strong and moves up on slow or down market days. I've seen it time and again. Besides, WAG has had a great run here. Time for a little rest to bring the P/E down to earth. 11 for 12 is pretty damn good!