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Walgreen Co. Message Board

  • u_akicker u_akicker May 4, 1998 12:10 AM Flag

    Advice from Scottsdale

    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!!!

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    • 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...

    • 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.

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