I belong to a stock club that has 113 shares of WAG in a drp/optional cash purchase account. Club members are having a "discussion" about whether we should sell, get our initial investment out or what. I say let it ride. I'd appreciate any advice on this topic. Thanks!
I am a ten-year veteran holder of this GREAT company. Saw it through two scares (Oct. 87 & 97). It never fails to deliver over the long haul. My only concern right now is the PE ratio (close to 40!). Would still definitely recommend if your Club is long-term minded. Good luck!
byenhold has a valid concern at alnmost a 40 pe the market is gonna demand a lot of performance from this co if it delivers great if not it could shave 5 or 10 points off, so im hedgin my position no upside limits. just limits on the down side. same store sales should be out in about a week or so.
ride walgreen for what its worth-- stocks path of least resistance is upupupup! as long as profit margins are maintained stock will remain lt-bullish. own since 1970s done soooooooooowell with if BUT THE PE IS AT A HISTORIC HIGH OF 38XERNS. SO ANY BAD NEWS COULD HAVE ADVERSE EFFECTS. watch same store sales and pharmacy sales----released usually end of first week of following month!