No offense to anyone here, but I'm a little perplexed by some posts that seem to offer an authoritative message of how WAG will perform. NOBODY knows what this stock is going to do, and nobody really knows what it's worth, either. Any thoughts to the contrary are, at best, educated guesses. I am encouraged that at least some of these messages cite some fundamental information regarding the company, but those data are not guarantees. The more authority you impart by taking an "all knowing" tone, the less I am inclined to think you know what you're talking about. (Unless, of course, you are really a Wall Street analyst, in which case, well you can guess the rest...)
You're correct, no one will know what Wag will do, not even the man himself. Here is prior notes from LDJ a couple of weeks back to Wag employees.....
July 13, 1998
This week's insight from President and CEO Dan Jorndt:
What�s Behind our Stock Price Increase?
Our stock had a great run last week � up about $4/share in heavy trading. The big question, of course, is why. I can only tell you what we told the press when they called: we made no announcements last week which would have triggered this stock activity. The last two announcements were third quarter earnings (June 29) and June sales (July 2). Both were strong and were received very well by the financial analyst community.
There�s been rampant speculation in the press (and rumors in our Deerfield halls) about our stock. The WAG investor Yahoo chat board is full of people talking about a split � already!!! I can just tell you these are rumors only � we just had our third quarter board of directors meeting and "stock split" was not one of our topics.
A group from Goldman, Sachs was in last week and they believe our stock is benefiting from solid operating performance and from investors who are moving money from Asian markets to strong, stable U.S. stocks. They also complimented the strength and discipline of our management at all levels of the company.
Their comments � and compliment � are worth taking to heart. Because what they�re saying is this: the long-term health of any stock is based on performance. The stock market makes its leaps � and don�t forget it also makes its dives � but, over time, only our consistent earnings increases keep us a good company in which to invest. And consistently good earnings mean consistently good operations � every day, in every store, for every customer. Customers don�t shop at Walgreens because our stock is up $4 a share � they could care less. And if we start worrying too much about our stock and not enough about our customers � WAG won�t be up $4/share.
Don�t know where the stock will go this week, but there�s no doubt a lot of us have made money on WAG the past few months. That�s great � and I get as excited as anyone. But I also get worried. I�ve seen far too many people spending far too much time with calculators the past few weeks, figuring our how much their net worth has increased.
Remember � the investors buying up all that WAG stock are betting on our future. . Just as customers don�t care about our stock price, investors have no interest in what we did for them yesterday. Again -- it�s our future they�re betting on � and it�s the future we must focus on � at every level of this great company.