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Walgreen Co. Message Board

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  • EgadsPeople EgadsPeople Sep 10, 1999 1:54 PM Flag

    jptnnr....you are 100% correct,,,,but

    It�s amazing how all you sycophants keep saying
    how Walgreens is going to rule the day. I have been
    hearing this since the beginning of the year. This stock
    has been sliding since early this year with very
    little indication that it is going to turn around
    anytime soon. For those who say this is a Walgreens board
    I am not a cheerleader like so many of you. I am a
    shareholder since early this year. It hasn�t been flat, it
    has been steadily declining. Since the first of the
    year it is down around 20 percent. Meanwhile since
    early this year everyone has been saying to buy more it
    is going to bounce big time. Well, it hasn�t. The
    attitude that everyone is going to go back to the brick
    and mortar approach is so near sighted. Do I think it
    is a good company. The sales show it. In the city I
    live there are five drug stores within a one mile
    radius. Additionally, there are three grocery store
    chains which have pharmacies. These drugstores are going
    to start cannibalizing each other. Meanwhile,
    internet drugstores, for all the derision many of you heap
    upon them, will probably shave some market share from
    all these companies. Walgreens ran into opposition to
    building in my city. There is a sentiment that our city
    does not need any more drugstores. The result: I
    expect this stock to near its 52-week low before there
    is any bounce.

 
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