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Валгрин Ко. Message Board

  • lc736 lc736 Dec 20, 2013 8:38 AM Flag

    WAG is so overpriced @ $57

    Margins down. Future earning estimates overly optimistic. Trading at a ridiculous P/E.

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    • I think WAG still has a year or two to run. They are still cutting staff and reducing employees benefits, but this type of earnings growth through cost cutting will hit a wall in a year or two.

    • 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.