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  • rgsam54 rgsam54 Oct 12, 2008 8:07 PM Flag

    The Essential Problem with Walgreen

    I'm sorry to quit building would be a death sentence. Walgreens still needs to expand. The urban sprawl will continue. Growth is the corner stone for the future and Walgreens is expanding on different fronts. Price will continue to grow if they continue their strategy espically with the population keeps getting older. This economy problem will end just like every other. Walgreens next expansion will be Japan and its neighbors. they don't have any drug store chains. This Idea has already been explored and will be

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    • Continued:

      And will implemented. I have been with Walgreens for 25 years. This stratgey is sound. You must be patient. Why Walgreens price is expanding I just don't have an answer. and Nothing that has been posted makes sense on why. Before the last split Walgeens price was around 55 with a PE of about 58. If we didn't have the last split the price would be aroung $47. with a PE of about 12. They have continued expansion. Sales keep going up even after 9/11 which hurt everything. and this so called recission that we are in. The S/L crise of the 1980' and the oil embargo hurt us much more and the newspapers can only report doom and gloom. they are good for shit. There are only a smaller amount of banks that are reallly hurting and Walgreens is still managing to do pretty good with all this shit. After this is works it way through. who ever buys in now won't regret it.

    • Expand, YES, But I would not build another store until you get your existing stores in a great condition.

      • 1 Reply to Danbert99
      • A new store takes about 3 years to turn a profit. Some of the stores have taken less. The critics have said that they are over staturation because Walgreens wants to build a new store every square mile. they have proven the critics wrong. A customer will go to the closest Pharmacy. And after time each store will become profitable. The critics said this when they had 900 stores. As the stores mature they new stores being built go through maturity process and they will become profitable. They are also closing stores as they go along that are not makeing the mustard. They must continue to expand. or lose market share.