where the hell is a demp?i never heard of it . ihave never seen it.i live in the chicago metro. area(home to wag)is demp. in a different area?how many stores?will there be 6k new ones in 10 years?drug retailing is and will continue to be profitable but wag is a blue chip and will continue to prosper.oh yeah wag is everywhere and growing with little or no debt.
buy a stock low and sell high, OR high and sell higher. WAG's price may improve BUT it's very rich. DEMP is grossly undervalued compared to the rest of the drug industry and has much more room to grow. Much better risk/reward buying DEMP at these prices. IMO, DEMP's a double by June. WAG may tack on 10 more dollars, but % growth favours DEMP.
part of my portfolio.it is a substantial % that inc.ge yes dell and a little risky tmcs.however one would like to dissect this i would be happy to listen.i feelenough confidence about the 4 that unless or until fundamentals change this is a buy and hold for a looooong time .ira.one thing though many more days like today and long isn't that long much longer.
<<<DEMP is grossly undervalued compared to the rest of the drug industry and has much more room to grow. >>>
DUMP'S management has been feeding the turnaround line for years, no doubt trying to save their jobs with a failed concept. Is the Wilber guy or whatever still around or did the board finally get the guts to sack his ass? I remember reading a DUMP annual report from '92 or so and the two top dogs in the picture looked like grim death. At least Jorndt & Co. know how to flash a smile.
The is/has been a bunch in the Phoenix area. They kind of come and go, usually the franchisee in the area goes bankrupt, they close a bunch, some other franchisee comes in with his big ideas and they ramp up again, then he goes bankrupt, etc. You get the idea. As somebody mentioned previously, the retail concept at DUMP is apparently "Put stuff on shelves and they will come".
Down here in San Diego we have a DEMP store. In a way it's a good thing that DUMP is actually free. That way, when Rite-Aid decides to change their ticker symbol they can dump RAD and use DUMP which would be more appropiate. I have never gone into the local DEMP and left withoug what I needed. The local RAD is a completely different story. They are always out of stock. Suprise, the DEMP even has friendlier employees.
As a WAG investor I really miss having WAGs here. I will be very happy when they move in so that I can avoid shopping at RAD.
BTW when WAG moves in the local RAD's will have to clean up their act (and their stores) or else be killed by WAG.
Anyone know how long before WAG enters this market.