In October of 1997 I purchased over 800 shares of
Walgreens stock. My only regret is that I didn't buy more.
This company is a winner. I live in the Phoenix metro
The new stores going in this area are fantastic.
They are in the best locations. I see nothing but
continued growth for this 5-star company. Thank you for
Big, high red sign up in front of the Reno WAG.
Up already. Store hasn't even been stuccoed yet! But
WAG puts the sign up months before the store will
open. Big sign has to be more effective then the coming
soon board other retailers use. Then there is the Rite
Aid way.... Put a sign in the door.... We will open
January 17, start sending out ads for this store on
January 10, and here we are, January 27th and all that
they say on the door now is "RITE AID Closed. Opening
WAG is #1!
Wag will continue to beat estimates. They have a
solid mangment and they know how to succeed. Look for
the stock to split 2-1 again in 1.5 years!They have a
When I E-mailed Betsy Hawkins she immediately
reponded with a reference to the company that administers
their DRIP and Direct Stock Purchase Plans. The number
to call is 888 290-7264. Walgreen does not
administer these plans themselves.
No family in Ohio that I know of. Any family back
East is located in New York and Maine. Sorry it took
so long to get back to you on your question. Did a
little weekend trip to Vegas and just got back. Boy talk
about a BOOMING town, and Walgreens seems to be growing
as fast as Wynns' holdings in that town. Best of
Luck to all and HAPPY TRADING!!
First of all, I must say that, to me, the
short-term behavior of most stocks defies logic, so I can't
really comment on your questions regarding logic (just
call me Spock, heh heh). There are, however, patterns,
not necessarily logical, that many stocks follow.
From my own *experience*, many stocks do just what you
wrote - they run up just before the split. I think it's
a good sign that WAG was strong in the down market
last week, and continues to climb. My plan is to try
to time the peak, and then get out. Be careful,
though! Many times there is a sudden downturn right after
the peak but before the split, usually due to
profit-taking. Speaking of splits, it looks like there are lots
of them on coming up the horizon - in fact MSFT just
announced one today!
I wish you well, OC, and happy
trading. One rule that works well for me is to use
fundamental analysis to choose the stocks you want to play
(WAG is excellent) and use technical analysis to time
your entrance and exit. To me, the technicals still
indicate an uptrend, but I'd watch it VERY
WAG opens and the stores are busy. RAD opens
stores up, does no advertising for almost 2 months after
the opening, and still, they have no business. I
still recall WAG Stores I have seen in Salem, OR and
Woodland, CA which were DEAD. Does anybody know anything
about those 2 locations? I am just waiting for my local
WAG to open. Right now it looks like its about time
for the stucco. I sure hope they don't take 3 months
to shelve and stock a new store like RAD has in one
spot here. Still, RAD came in here and is building 4
stores, and WAG is only building 1 store. I would like to
see WAG put more stores here. It's nice to know that
in less then 11 years, there will be twice as many
stores as there are. Twice the stores..... twice the
profit..... but hopefully more then twice the stock price.
Just tought all wag investers would like to know
the new 24 hour store they opened 01/22/99 was busy
(what else would you expect!) They just had a sigh up
now open and low low rx prices. taking away from the
local rad and longs drug store. Its on a great corner
I like WAG a lot. However, their
$5.00 OCP fee for drips is a bit high. I found a drip
plan contact at WAG:
If this issue concerns you, email her and tell her
what you think about their high fees.