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Валгрин Ко. Message Board

  • byenhold byenhold Mar 29, 1999 1:11 PM Flag

    Walgreen performance - don't fret it!

    IMHO there are a few reasons for WAG's recent
    decline:

    > Last 52 weeks trading range of 16 1/4 to 33 15/16
    - this stock has doubled in past year. It's simply
    taking a well-deserved rest.

    > Current P/E is
    over 55. Pretty heady.

    > Possible underlying
    uncertainty about new online sites like
    drugstore.com

    With that being said, there is no reason for concern
    for the long-term WAG holder. Walgreen is a
    first-rate company with good management, a super-consistent
    track record, good current earnings (released today),
    good same store sales, and virtually no long-term
    debt. What more would you want?

    If WAG pulls
    back further in here, it is a great opportunity to buy
    more and/or add to your DRP.

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WAG
76.05-0.74(-0.96%)Dec 30 4:01 PMEST