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Walgreen Co. Message Board

  • Smoke_69 Smoke_69 Mar 25, 1998 8:23 PM Flag

    The Price???

    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

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    • 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.

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