Just because CVS' stock price is below WAG that does not mean that investors are fleeing from CVS to WAG. it was not that long ago that CVS was trading higher than WAG. Do you think investors were fleeing WAG to CVS?
Did you ever think that WAG stock price might be overvalued or that CVS is undervalued? There are a lot of reasons why a company's stock trades where it does. (institutional ownership, shares outstanding, short interests)
Do you REALLY think that INTC is worth only $21 a share or that MCP is worth $46 with a $4.3B market cap?
BTW, I dont bash WAG. I have always said that I thought that WAG was a good company but I just like CVS better.