Does anyone have any ideas where the stock will bottom before it starts to go up again? Why is the price just sitting their. Most say the P/E is to high but take a look at the P/E of Lucent,, at $80 a share that was to high and the stock is heading for $130. I have full faith in Walgreens stock for the long term but was wondering if anyone has any ideas on the stocks price for the next 12 months or so
You cannot fairly compare the P/E of WAG to the P/E of a high tech stock like Lucent! Totally different industries & dynamics. I wouldn't want to be around when Lucent corrects, my friend!
WAG seems to be in a correcting phase now, letting off a little steam. This is probably a good time to start accumulating the stock, as it takes a breath for the next leg up. Totally healthy phase for the stock.
Price for the next twelve months? Who can say with the overall market so high. I can't help you there.