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Walgreen Co. Message Board

  • BenzC230 BenzC230 Mar 26, 1998 6:33 AM Flag

    Re: Splits

    2:1 in 85, 2:1 in 91, 2:1 in 95 and 2:1 in Aug. 97. It looks like WAG hit a presplit high of 29+ in July, which there is
    always a run up before the split as we all know. Than it corrected about 18% down to 24+ in Oct, which usually happens also, unless
    you are Microsoft. WAG always starts to run 10 days or so before their earnings release or the day of, so I think we are sitting
    fairly well here. They will release their 2nd qtr. earnings in the 2nd week of April. Had about an 8% correction since hitting 37
    1/4, and we have already seen a sizable correction after the split. It is just running its checks and balances, and getting ready
    to go over PE of 40 again.


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