Played golf about a year ago at Troon North in Scottsdale and got paired up with a former "bigshot" from Wag. (Nicest guy you could ever meet) We got to talking about investments a little bit and he said "You know, I was with Walgreens for a long, long time and when I started with the company I invested about $10 a month in company stock. Of course that increased as my salary increased and now I live in this beautiful city and can play this beautiful course solely because of those investments." He said "invest in Wag stock regularly and you can almost be guaranteed a 17% or so return annually." Well, I did and even though it's been a little flat lately I honestly think this company has a HUGE growth potential (especially here in Arizona with all the retirement communities) and will just continue leading the retail drugstore market. Long term investing is the only true way to gain wealth in the market so hold on to Wag and continue to reap the benefits. Go Walgreens!!!
I can not remember the exact name as it happened so long ago, but I think it was something like MEDI-MART, but I am not positive maybe somebody else remembers the exact name. I just recall all the horror stories I would hear thru the grapevine since I was a employee for WAG'S at the time. I think if CRW had to do this all over again they might reconsider. But it did give us some name reconition as we are expanding into new east coast markets. By the year 2000 CRW will be in all 50 states and have over 3000 stores and they will be opening one new store a day starting next year. The next quarters sales and profit reports should be very favorable since there has been all of these new RX product introductions, and CRW fills 7% of the nations RX'S this should help to drive the stock price up!!!!! Go WAG'S!!!!!!!
Recently left the company and was just wondering if the gent happened to say what his name was. I have been a long term wag investor, doing just a little money at a time and this has grown into a nice little nest egg. Thanks stowny from Lincoln, NE...
Stowny98 Yes I know the former execs name but I don't think this is the place to divulge that kind of info. I will say his initials are J.C.K. You get to know a guy spending four hours on the course together and if he is the typical Wag exec, then Wag is in very good shape. A gentleman all the way and a real pleasure to sit down with and exchange ideas. GO WALGREENS!!
a month ago. I have property at Troon North. At Pima and Pinnacle Peak there is a beautiful new store with a drive thru in a just starting to grow upscale retirement area. It's really easy to drive thru and the area will be growing by leaps and bounds with the first of the baby boomers. These same boomers, who will spend $500k and up for homes, will not be afraid to pay for convenience; especially as they begin to need medicine on a regular basis. This same boomer issue will affect the growth of all WAG, not just here in 'Zona; and the gent is right, while its nice to have a stock that doubles quickly, its better to have a stock that grows double digits on average over a long time frame.