Jim Cramer: Walgreens is a buy After the Stock Settles Down

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Jim Cramer: Walgreens is a buy After the Stock Settles Down

Jim Cramer: Walgreens is a buy After the Stock Settles Down
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Jim Cramer: Walgreens is a buy After the Stock Settles Down

TheStreet.com Videos 0:57 mins

TheStreet's Jim Cramer says that Walgreens is a shocker to him because of all the companies doing inversions and moving their headquarters overseas, Walgreens could have done it as well but chose not to. Walgreens is buying Alliance Boots, which is a foreign company. Cramer says that what is controlling Walgreens is the conservative guidance which he says could be them low-balling. Cramer relates Walgreens to Time Warner in that they both have a lot of bad holders and jaded owners from hedge funds that are pushing the stock. Cramer says to let the stock settle down for three days and then go out and buy Wallgreens.

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