A company files its incorporation papers. In
those papers it sets a number of shares it can issue.
It cannot go over that number of shares without a
change to the inc. papers. If the current number of
shares is over 500 million, a 2 for 1 split CANNOT occur
as it would place it place it over the authorized
number of shares, no matter what the board would like to
So, I ask again, does anybody know the
authorized 3 of shares for WAG?
Anyone know how many? I just went through annual
report, and 10K, and can't find a number.
are over 500,000,000 shares outstanding, assuming
full dilution. If 1 billion shares are authorized,
there would have to be an increase in # authorized to
allow for another 2/1 split. I just recieved my annual
report. Proxy for upcoming annual meeting has no mention
of vote for increased # of shares...
I guess the P/E method works for stocks like
awe shucks, have you missed out?
yeah, the P/E method works there too...
another good one...
You see, P/E is the 80's
method of identifying stocks...get with the
People have been saying the internet stocks will adjust,
have to adjust....and missing out...making them curse
the stock, jump on the bandwagon and pound table on
taking the stock down...then, the stock keeps going up,
Stock Market investors aren't
geniuses...the guys which buy and sell stocks all day...they
have no idea what the future will bring...and they
aren't willing to bet on it...
Bet on WAG if you
think more and more people will start buying drugs to
relieve pain, lower cholesterol...etc...our country is
continually tagged as overweight, uneducated...I'll bet on
the overweight part, McDonald's...PizzaHut...and buy
WAG, where everyone has to go for medication...and
Pfizer, for making the drugs possible...the next major
disease to tackle is Cancer...face it, our people demand
to live longer, want to grasp life longer...our
scientists are among the best in the
Uneducated? I'll bet on our Tech sector any day...we are
leading the world in computers per household...and we
have the companies which are leading the world...MSFT,
too many to quote here...
Demand will offset
P/E...nothing wrong with high expectations...especially when
the company hasn't failed to deliver on earnings
expectations quarter after quarter...
Keep in mind that
P/E is a value set on future earnings numbers...WAG
has a different fiscal year than most
companies...ended in August...therefore, that P/E will
Because the "E-arnings" was set at a lower value than
what is expected now!
I guess you can invest
whatever way you want...intc is a great choice considering
the stock has done nothing for over a year...one
would also buy GM, MO, EK, based on the same thinking,
how about NKE?
Some companies I would never
buy on low P/E ratio alone...this company better have
a product that can weather a low P/E as well...for
example, a low P/E in this environment means that the
stock is out of favor...but every personal computer
thats worth a shit has "intel inside"...marketing
Yahoo, what a name, how can you forget it? We're using
YHOO now...forget about the P/E...I don't know of an
easier financial site to use. And, I'm not willing to
try out another site now that I spent all that time
to set up my portfolios here. Yahoo never
inconveniences me as well, my friends have told me Yahoo sucks
during the day. But, I work, I'm never here during the
Same with WAG, I'm not willing to goto another
pharmacy and fill out another form concerning my medical
history...I'll just keep my doctor and keep coming to WAG, never
inconveniences me. In fact, my friends stopped going to Eckerds
because the pharmacists never work hard, and there is
always an hour wait regardless of how many scripts are
on the counter.
Sorry for the long post...go
WAG...bet on stocks like you see the future...ATHM, MSFT,
INTC, AMAT, DELL, CPQ, CBH, WAG, WLA, DIS, GM, LU,
CSCO, YHOO, RNWK,
Some will argue that PE's don't matter
I disagree. Sooner or later money will begin to
out of WAG and into stocks like INTC.
I would take
profits on WAG now and move money into INTC which
a higher growth rate and lower PE.
As of 11/29 WAG is up 73% for the year. This
ranks it 26th on the S&P 500. Better than IBM,
Time-Warner and 470+ others. Why would I dump a stock like
this? A better piece of advice would be to suggest
buying INTC. The two can co-exist in anybodys portfolio
as they do in mine.
WAG is up ~73% for the year (as of 11/29). It
ranks 26th on the S&P 500, better than IBM, Time-Warner
and many other big stocks. A better piece of advice
would have been to suggest buying INTC. But to suggest
dumping WAG is not very smart. The two can co-exist in
anybodys portfolio. I own INTC and WAG (and others).
After going to WAG, I will just say a few
The small store size is good for people in a hurry,
also it is easy to locate things in the small
The parking lot where spaces are all around the
building and near the door make parking and entering the
store much much faster than entering a shopping center
The service was very efficient.
The store was neat and relatively well
WAG is there on corners with small store size to get
the customer what they want quickly. Simple. People
are pressed for time these more and more as time goes
on and it is good to know most drugstore chains are
going freestanding. Time will tell with WAG. Another
thing that I like about WAG: they are open later than
the other drug stores are.....
Walgreens, got out of them a few years
I'm a 10 year employee, and at an employee
meeting, were told that they aren't interested
buying into any other chains. Too many
converting things over, they like to start fresh, and
it's worked fine. In the 10 years that I've been with
WAG we've doubled the stores we have, and it's only
going to get better.