my last post should read.....cautious on stock price......
additional thoughts from last post
my family is a long-term shareholder of walgreens. I am just a little bit nervous that expectations from wag shareholders might be a little too high. Its a great company but its valued for perfection... I get a little uneasy with my investment when i see such optimism....just an opinion....take it for what its worth.......good luck to all
....get off the porch. If you are a stratagist of markets go with your stratagy. If you feel uneasy (read: short) go directly to the nearest Walgreen Phamacy and purchase a large bottle of pebto-bismol. Then call your broker and sell all your wag holdings. But be advised to save some pebto-bismol for the queasy feeling you will most certainly get when wag stock continues to rise 20 to 30 percent yearly for the next 10 years. just mho... good luck to you
I know people on the inside and this is going to split the end of the month. As for the comments that WAG is recession proof etc. They are very much aware of Wal Mart's impact on their business and it is a concern. Granted, the CEO even commented in NY Times Sunday Business section that people don't want to go to a huge store for a prescription etc. However WAG stores aren't exactly pretty or cool and someday someone will choose the Target store approach and snatch business away. WAG stores seem to be more for the retiree crowd and one day that demographic will move on.
A few things. I am sick and tired of people "claiming" to know the people on the inside. You're full of it! You know nobody! Your claim that you "know the people on the inside" makes your posting no more believable.
Also, I am sick of hearing about the stock splitting. Don't you people understand basic finance? A split means nothing! Actually, the evidence points out that a stock will suffer in the first 2 weeks after a split is paid. It is simple math to figure out the split is nonsense!
Thirdly, I don't know where you are from but WAG stores are not for the retiree crowd. I live in Lincoln Park (Chicago) and there is a WAG store on every corner! They are also huge in the suburbs! Not many retirees in these areas! The stores are cool enough for everyone in Chicago!
Everyone...Just relax and don't worry about this split. If it happens, fine. If it doesn't that's fine also. Just enjoy the profitability of the company.
I've worked for Walgreens for 10 years, and things just seem to get better, and better. Monday, November 30th, we set a WAG record, filling over 1 million prescriptions in 1 day. Thats quite an accomplishment from over 2600 stores. Go WAGS...