They keep hitting estimates. Why do you think estimates are overly optimistic. Have you looked at the Boots purchase to be completed next year? Have you considered the value of the deal they cut with Amerisource? Revenues and earnings will soar over the next 36 months. In 18 months WAG will own Boots 100%. In 3 years they will own 23% if Amerisource, and they are buying it at a huge discount to market. Obamacare will drive higher rx sales in US. Boots is a great platform for international expansion. Amerisource deal will improve margins beginning in 2014. I agree WAG is highly valued at $57, but it deserves to be.
You make good points. Whether they justify the stock price almost doubling in the past year we'll see. Sure some of the move is the overall market has moved a great as well. I do like the stability of the industry so I've been looking for an entry point. Have to say: The mid 40's are looking good now. Sure not buying at these prices though. If I owned it I'd be selling it for sure. Good luck with it.