My bet, they're gonna payout next years dividends before the close of this year so the senior management holding lots of WAG shares can avoid the 3.9% Obamacare tax on investment income that's gonna get dumped on the American public next year. Aren't you glad you voted democrat?
Jim Sinegal (CEO of costco) just did the same thing, saving himself about 7 million in taxes. Despite being a supporter of the presidents desire to raise our taxes, he figured out a way to avoid paying 7 Million of his own. Look it up with google.
Bad tax policy lead to all kinds of uneconomic tax avoidance strategies.
If you want less wealth, just tax it more. Make capitalism unwelcome and capital flees.
Obama hates the wealthy, so we will have less wealth in America. No growth opportunity under Socialism. Capital will look for countries moving away from Socialist tendencies: Low taxes, plus cheap labor draws capital.
High taxes, a lazy, poorly educated, overpaid work force and oppressive regulation will accelerate the flow of capital to high growth regions like Southeast Asia.
Broaden your horizons. America is in for a tough time.
Walgreen stock had gained 6.73% from last year. Despite a decline in the EPS this year, earnings are expected to grow by 8.98% next year. In fact, in the long term, the EPS is estimated to grow annually by an average of 12.74%. I believe Walgreen to be waay underpriced and agree 100% with the "time" approach. Some come by patience naturally, others (like myself) need to cultivate it.