5 years ago money managers said that owning a
retail stock was stupid because the market was
saturated. Well, the retail market is more saturated as we
speak and the multiple on this stock is outrageous.
This stock is a joke. I wouldn't recommend a company
with 3% net profit margins and a pe of over 40 and
insiders selling at an astonishing rate as a solid
long-term investment. If you want to own walgreens wait
till the stock market crashes.when the pin drops
sometime in 98 have your cash ready and buy these shares
at a major league discount to the current price.
Just an opinion!!!
It looks like you are located somewhere on the
east coast I worked in the midwest GO HUSKERS what a
clue.... Every thing has worked good I have entered a D.M.
Training program with H.R. Block the job is exactly like a
D.M. job with CRW..But alot less physical demands and
the same amount of money a crw d.m. makes. It was
very interesting of the 35 people in my class all of
them were past retail managers from k-mart, crw,
wal-mart .... and they all said the same thing long hours
and too much presure put on them for results..... i
think crw stock is posied to make a very good run with
the latest sales results just released.. GO
Thanks for your comments stown...I hope the
decision you made to leave is working out well for you. I
too see myself with wag another 8-10 years until
burnout sets in. but by then with walgreens stock drip
etc...I will nestle away enough. I appreciate your
comments..W-A-G-S WAGS WAGS WAGS....The chant goes as well as
I to used to work for crw for 14 yrs as a mgr,
and left because of job burnout, long hours not
enough help etc.... if you are in mgt you know exactly
what i am talking about. I agree with you in that i
expect a split sometime next year.. sometime after the
stock hits and holds around 50 that is the usual
pattern..i see nothing to hold this stock back and i believe
stock has nothing but a great upswing. i have been a
stockholder for over 12 years and have made a bunch of money
with very little money of my own with all of the
splits and being in the DRIP program with Harris Bank.
Hope you are not working to hard and putting in a
bunch of long hours this time of year... Keep up the
sales and profits!!!!! GO WAGS!!!!!!!!!!!!
If you wait around for the sky to fall on the
stock market before buying, you would have waited
through the best bull market...the 90's.
stocks have high P/E ratios. MSFT, DELL, YHOO, if you
didn't buy them based on their high P/E ration, you
missed out. Only 40% of US households own a computer.
I'm betting that if the price level now of those
stocks is based on 40% of households with a computer,
prices later will be much higher.
Buy a big
company, with brand recognition, always meeting earnings
expectations, and ask if the company is worth the high P/E.
Walgreens is period.
Walgreen's will automate their pharmacy if this
means a higher profit margin.
Look at their
computer systems, which they are taking a charge to the
earnings, it's always off-line. But it will work smoothly
some day and make everyone more efficient. The bottom
line is profits. An automated pharmacy will make
Pharmacists should unionize across the board, regardless of
company affiliation. Not to fend off the effect of
technologically advanced equipment on job availability. The
problem is that there is a federal work law. Pharmacists
don't abide by that law because Walgreen's does not
allocate enough pharmacists per store for breaks or lunch.
How many times have you gone into a pharmacy to see
the pharmacist out of plain view, only to see him/her
show up chewing on something with a coke in
The second point is that as far as the pharmacists I
know, there is no contract for pharmacists at
Walgreens. They just started working there. They never
signed an agreement protecting their rights to a
severance package if their job was displaced.
as I know, any pharmacist can be let go like some
employee at McDonald's. Now, a college degree is worth
more than that isn't it?
Of course a union
won't push back the clock on technology. However, the
workers have a right towards enhancing their benefits and
salary, and even the workplace. Where is the voice of
They have higher degrees and
understand the importance of their position. I don't think a
pharmacists' union would be organized out of greed or
laziness. Imagine the anxiety caused if no pharmacy was to
be opened tomorrow? This is an extremely valuable