Maybe I am not the seer others are. My strategy is strictly looking at a company as far out as three to five years. Any further is a crapshoot at best. Innovation, trends, society, etc. is changing so quickly that the companies that were/are leaders may end up as a footnote. Who is to know how drug industry will develop. Saying that any company will continue to grow through its existing model for 20 years is just guessing. An example, the U.S. steel industry was so dominant, and now it is almost an afterthought in the U.S. economy. The same may occur with a company as dominant as Microsoft. One of the few companies that has been able to manuever and grow over decades has been GE, and look how that company has changed -- television network, financial institution, etc. Will Walgreens be the dominant player in 20 years. The existing business model that they use may work today, but it may be a quaint notion in 10 years.
Nobody, not even drugstore.com, has a good plan further out than that.
If anything, linking customers to their scripts using the internet is the best thing you can have at this point. Walgreen's has prepared a nice infrastructure they can continually build on, and they did it in house, on their own.
I've been to the other sites, and the majority of the people don't know about them, can't really use them, or doesn't fit in well with their way of life.
This doesn't mean that there isn't a future for the internet pharmacy, I'm just projecting it out further.
By the way, when I talk about internet pharmacy, I'm talking scripts. I'm not talking about over-the-counter stuff, soap, tylenol, toothpaste...
Believe it or not, the majority of people just don't think the internet sites are convenient.
I haven't written a message here in a while, because there's a lot of senseless bickering about the stock price. Someone said we'll see what happens at the end of December, I agreed, he/she predicted a stock price in the low 20's, I said no way...Still feel that way, barring the general market tanking to below Dow 9,000. Wag should continue to trade in the mid 20's to 30.