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Walgreen Co. Message Board

  • zippy1015 zippy1015 Jan 25, 1999 2:50 PM Flag

    DUMP (Pardon me, I mean DEMP)

    There's
    a good reason for that. The company is/has been in
    the crapper for a long time. Rudderless, listless, no
    strategy means no/lousy profits, underperforming stock and
    stockholders heading for the exits (rightfully so, I might
    add)

    <<<Stock is still very cheap
    fundmentally and could be in beginning stages of a good move
    up.>>

    I doubt that. Don't hold your breath waiting for
    the big move up. I still recommend changing the
    ticker symbol to DUMP. It's overdue.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Let's see, the fundamantal values of DEMP vs.
      WAG. WAG better sure as hell better have neater
      shelves in it's stores cause it's valued much richer than
      Drug Emporium. I happen to own both stocks and DEMP
      has far more potential for rapid price growth than
      WAG. DEMP's management is aware that improvement is
      needed and they are on top of it, plus they are well
      ahead of WAG on internet trade and soon will be coming
      out with the BEST drug store internet site
      around.

      Yes WAG is a good stock and even pays a 1/2% dividend
      (WOW!), but I must agree with tresfind, DEMP's stock
      represents a much better risk reward than WAG at current
      price levels. One can buy almost 1000 of DEMP for 100
      shares of WAG and for my money DEMP is the best value in
      the retail drug industry. Yes, WAG may be better
      today BUT not 10 times better. Look at the investment
      parameters of both companies and you'll find one thing -
      either DEMP is still undervalued OR WAG is overvalued.
      My monies on the former. Happy investing!

      • 4 Replies to ShowMeTheEarnings
      • <<<DEMP has far more potential for rapid
        price growth than WAG.>>

        I would bet a lot
        of people have been saying this for a lot of years.
        Actually, you are falling into the William O'Neill trap of
        buying the yellow dress because it is deeply discounted,
        when the reason that it is deeply discounted is that
        nobody wants it.

        Bottom line, pal: If you like
        DUMP, buy it.

      • Neater shelves has nothing to do with fundamental
        values. Neater shelves sometimes means you don't have any
        customers to mess them up. If "neater shelves" was all you
        got out of my message, then I failed to make my
        point. When I mentioned "in-stock condition", I was
        referring to whether or not they had huge, gaping, empty
        spots on their shelves. This could indicate a
        replenishment problem such as poor ordering, warehouse outs, or
        vendors that are leary of giving credit for fear that
        their invoices won't get paid. Does the merchandise
        match the shelf tags, or do they have an abundance of
        one single item "dummied" across an entire shelf
        where many different items should be? When I said
        "organization vs. clutter", I meant the store in general. Do
        you trip over cardboard displays of bunny shoes in
        the middle of the aisles? Do you have to guess what
        the prices of their merchandise are? Are the
        endstands effectively merchandised or just thrown together
        with a box of this and a box of that with no
        promotional signage? In response to the rest of your
        post---You say "DEMP has more potential for rapid price
        growth than WAG"----Based on What????? "DEMP's
        management is aware that improvement is needed and they are
        on top of it". Were they on top of it last year? How
        about the year before that? For that matter, what about
        the last decade???? How long have they been on top of
        it???? "DEMP will soon be coming out with the Best drug
        store internet site around" Says Who? and So What? What
        make you think that a company can run a drug store
        internet site any better than they can run a drug store? I
        tell you what---Why don't we both post again a year
        from now and compare WAG's performance with the "best
        value in the retail drug industry".

      • where the hell is a demp?i never heard of it .
        ihave never seen it.i live in the chicago metro.
        area(home to wag)is demp. in a different area?how many
        stores?will there be 6k new ones in 10 years?drug retailing
        is and will continue to be profitable but wag is a
        blue chip and will continue to prosper.oh yeah wag is
        everywhere and growing with little or no debt.

      • Want a good laugh! Look at the five year chart on dump,(demp)!

    • <<WHo gives a rat's ass about demp or dump
      or whatever>>

      I don't give a rat's ass
      about DUMP. I was trying to steer the DUMP interloper
      over to WAG and save him/her from the inevitable pain
      associated with investing in DUMP. Have a good one.

    • In fact, I'll give a rat's ass for every 100 shares of DEMP given to me.

      I think that's more than a fair price.

    • I know most of the Southern California RAD stores
      were former Thrifty Stores, which looked crappy before
      RAD came along. I really don't see much difference
      between a WAG store and a Thrifty Store EXCEPT for the
      fact WAG is adaquatly staffed, CLEAN, neat, STOCKED,
      and well you guys get the picture. But RAD doesn't
      want to clean up the Thriftys... give them some new
      paint and fixtures, they have to spend hundreds and
      thousands of dollars to extensively remodel the stores. WAG
      will do well in Southern California. Not much there
      other then Sav-On and Rite Aid. Look at how well WAG
      does in Arizona, where the only competition is Osco
      (same company owns Osco and Sav-On for those of you
      that don't know). Rite Aid, in my opinion, is a better
      operation then Sav-On. Sav-On is crappy. They will be out
      of stock on regular stock items for at 2 weeks
      before they get the item in stock. They are worse then
      RAD! Still, I have not delt with the RAD RX
      Department. Seems like they are getting alot of RX business
      here though, while the front end is DEAD. Strange.

    • how much do you think wag will grow once it splits on feb 12, do you think it will take 6 months to get back up to 62?

    • One possible reason for the phenomenon you
      noticed of a busy Rx dept. with dead front-end sales at
      RAD is because of certain insurance programs. The
      people may be forced to get their prescriptions at RAD
      as it is the only place that will take their card,
      as WAG and others dropped the plan because the
      reimbursement was too low. However, this doesn't mean the
      people have to buy up front; especially at RAD, where
      they don't staff the photo dept., are missing a lot of
      ad merchandise, etc. Where I'm at, WAG dropped the
      largest employer in town and RAD got some of the
      business. However, after WMT dropped the plan too, they had
      to come back to the table and now WAG is accepting
      it again, making money, and RAD is _really_
      suffering now.

    • correct.....a lot of the time if not most of the
      time it is the insurance industry that dictates which
      rx company that one goes to.this being the case then
      bigger is better.the one who has the lead(wag)is the one
      that will be able to offer the most attractive
      contracts to the ins. industry.after all the ins. industry
      is in the business to make $$ .not because they are
      genuinely concerned about your health.it's kinda like the
      recent conglomeration of large intenet companies.they
      realize going forward bigger gives them the best chance
      to sustain a lead.wag=6k more stores in ten
      years......and the closest competitor?????

    • Been in retail A LONG TIME. Many of us in the
      drug retail predicted front-end sag as soon as those
      drive-thru windows were introduced. They have no place in
      retail drug chains. So much of our sales are impulse, or
      pick-up-when-you-can items. We put the RX counter in the rear so the
      shopper goes thru the maze, buys on theur way to or from
      the RX. Now there's no reason to "shop" at Rite Aid.
      Just drive thru, get scrips and GO!! WE have told our
      customers, "we don't need you in our store". Now they can
      get their cigs, milk, cookies, candy at the C-stores.
      Paper prducts, shampoos, household items at the
      supermarket when they shop for the week. Purchasing is joined
      at the hip by travel patterns in this new, mobil
      society. The corner store is over in 90% of our lives. And
      the danger involved with harried moms in vans
      shooting thru RX windows is a lawyers dream. And guess who
      Johnny Cocheran is going to blame when the accident
      happens? Think about it. P

    • i have a friend who is a pharmacist at wag.he
      sharesyour thoughts concerning rx pick up windows.a real
      invitation to unscrupulus people.also your point about
      walking through the store to pick up rx is also valid.i
      guess the powers that be thought the added supposed
      convenience was worth it or they failed to see the wisdom.i
      like you wonder how long it will take till we see rx
      pick up window attempted robbery.i wonder if any wag
      employees have any thoughts on this matter.??also to all of
      you who think i overreacted to wagfag all you need to
      do is go to the bottom of yahoo page punch in author
      and see the history of this??????p.s.not on a full
      stomach..pg is advised

    • I didnt know I could see all my old messages. So
      many memories... I am SOOOO Funny! Oh, and by the
      way...DIE, FREAK, DIE!!!! Are you so homophobic because you
      are queer?? Do you have a little dick?? No friends??
      Are you very ugly?? I hope you get prostate cancer!
      Then I can use your bloody cancer cells as lube when I
      bend you over!

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