I hate it when they start selling...
it's only half a million shares and they're probably
holding more...but...is this the time to take
More than a coincidence that management wants to keep
WAG at the 40-50 range to keep those "stock split
hawks" at bay?
Did anyone see an article about a guy filing a
whistle-blower suit against WAG? It's the same problem that
Eckard's has, alleged over-charging and partial
I just saw a blurb, didn't read whole article.
I agree about the ra-ra mentality on this board
(and every board for that matter). Walgreen used to be
a quiet, laid-back steady performer. These days,
it's becoming more and more volitale as it becomes
more popular. This is to be expected, I guess,
popularity is what drives the stock's price up. But it comes
with a price. The mistake people make with WAG is that
they start expecting it to behave like a high tech
wonder. It's a highly successful retail chain and should
act as such. Actually 48 seemed to be an overvalued
position for WAG and this is a natural pullback to more
reasonable prices. Your price range for '99 looks like it's
in the ballpark, with a split possible.
Good point and i wouuld grant you
that management has an interst in the stock price
espicially in the granting of opitions....but again i do not
think they can do much to controll the stock price over
the long term EXCEPT for growing sales and improving
profit margins, if they do that then the market will
decide what multiple to give WAG based on a number of
factors that management has little to do
Anyone who is an owner has and interest in the stock
price. I do not believe that WAG management though sits
around like some here and fret about the stock price on
a daily basis.
I just see a lot of short
term, ra-ra mentality on this board...the stock goes
from 33 to 48 in 2 months, then back to 43 and you
would think the sky was falling.
WAG is a great
company with a nice growth story...the bottom will not
fall out, nor will it invent the next micro
it is unreallistic for people to think WAG will be
almost doubling its stock price every year. 1 year from
now, i think WAG will trade from a low of 38 to a high
58 with a August price of of the 55
Golden statement: "but they have no clue, nor i
think much interest in controling the stock
Bullshit...Every company wants to increase shareholder value, and
that includes having demand in their stock, besides
what you mentioned, Golden.
So they, the
management, of WAG, and any company, pays much attention to
the price of the stock. Especially since they receive
bonuses in the form of options on WAG, and because WAG
employees buy the stock.
Example: Proctor and Gamble
stopped their stock slide from the 90's to the 70's by
issuing a statement concerning the company's stock
buyback program. They said they would by more, but didn't
specify. Take notice, PG is back up in the 80's and was
one of the only stocks trading in positive territory
yesterday, August 4.
This is merely one example of
how management can control the price of the stock. Of
course, they don't know if their actions will have a
positive effect, but that is the intent, and 99% of the
time, it works.
The management of WAG knew that
selling for a profit when they did, they'd bring the
stock price down. I predicted it, and that's what
What I'm upset about is that I saw this selling by
many insiders of fortune 500 companies, but didn't
give this any respect. If I sold out when they did, I
could be buying back around now with a nice profit. I'd
pay capital gains if it meant not losing an average
of 600 US dollars per stock position.
It was written;
<<Sure they keep it
at $50.00/ share because of this plan and the fact
that this program is available to a large number of
people in the company. It makes buying WAG extremley
I would like to know how WAG controlls the stock
price...i thought the market did that. WAG does alot of
things well, and i think it is very safe to say WAG is
going to grow sales ALOT over the next few years...but
they have no clue, nor i think much interest in
controling the stock price...their job is grow sales and
maintain or improve profit margins...nothing more ,
More selling means there are more shares, supply,
available than demand for the shares. So the stock price
reflects this and moves down.
WAG usually splits if
the stock stays in the 50 range for a prolonged
period. With WAG in the 40 dollar range, splitting the
WAG stock is the furthest topic on management's
Management is taking profits to the tune of 500,000 shares.
Do you see any new buyers of WAG stock? On no news,
and during the summer doldrums, WAG will drift in the
40's. All bets are off if the DOW heads for 10,000. WAG
will move up as well...
Lots of people on this
board want a WAG split, the "stock-split hawks".
Just letting them know that as we head into August,
the market is usually dull. But, lots of trends have
been broken this year, for example the small caps
never had a run up in January, or at any time this