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Валгрин Ко. Message Board

  • BenzC230 BenzC230 Mar 25, 1998 11:16 PM Flag

    Why?

    Why would anybody even consider owning anything other than Walgreens in the Retail Drug sector? Walgreens has established
    growth and is on a pedistal compared to the others. Someone mentioned something about shorts. Maybe we can burn some shorts if we
    could get some serious volume to the upside. I like a PE of 45, or even 40 when they add in the dollar amount from the sale of the
    longterm care. Just think, if they don't use any of the money, which they will for new stores, but $108 million was the total net
    earnings for the 3rd a year ago. Surely they got more than $200 million, which would double there net earnings without any growth for
    the quarter. We'll see. I like the fact that whether crude oil is $12 or $20 a barrel, really doesn't have much of an impact on
    WAG, talk about volatile stocks.

 
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