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Walgreen Co. Message Board

james_sudden_green 4 posts  |  Last Activity: Feb 16, 2015 8:58 PM Member since: Apr 21, 1998
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  • Reply to

    $67

    by onepercent48 Feb 15, 2015 5:15 AM
    james_sudden_green james_sudden_green Feb 16, 2015 8:58 PM Flag

    because 72 is $6 away from the closing price on Friday and I don't think it has that much downside in the next 35 days in the absence of any more negative news (headline news for example). But of course I could be wrong, and the stock could tank all the way down to 71 or worse. In which case I'm obligated to buy it at 72 if I don't close out my put contracts. I'm fine with buying at 72, less the premium I received for selling the puts.

  • Reply to

    IS AXP WORTH OF THAT MUCH FALL?

    by factscounts Feb 13, 2015 6:16 PM
    james_sudden_green james_sudden_green Feb 15, 2015 4:29 PM Flag

    PE is half of V and MA? On what basis?
    the market always looks forward, not backward.
    Have you taken into account the downward revisions in earnings for next year?
    Next year's eps estimates for AXP have been cut to $5.88 but I haven't looked at the likely upward revisions for MA. On that basis, I would not call AXP cheap...yet.

  • Reply to

    $67

    by onepercent48 Feb 15, 2015 5:15 AM
    james_sudden_green james_sudden_green Feb 15, 2015 4:21 PM Flag

    why are you so sure it won't get to $67? Do you have a mathematical model to show that AXP is such a bargain at $67 that investors will buy up every available share at a price higher between 78 (today) and 67?
    I sold a slug of March 20 $72 puts so obviously I don't think it will get there short term. But after March 20, well, I'm not so sure. I won't stick my neck out that far.

  • james_sudden_green by james_sudden_green Dec 21, 2014 1:28 PM Flag

    Volume on Friday 12/19 was 8x average trading volume. About 800K shares traded in the last minute of the trading session, with SSLT closing 5+% higher on the day. Possibly some mutual fund unwinding a position established earlier in the year when SSLT was trading in the high teens and even past $20? End of the year window-dressing by large institutions can present opportunities to individual investors willing to take on a bit of risk. Earlier this week SSLT briefly dropped to about $12, before the monster 700+ point move on the Dow during the second half of the week.

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