U.S. Markets close in 3 hrs 9 mins

Jim Cramer: Walgreen's is a buy After the Stock Settles Down


TheStreet's Jim Cramer says that Walgreen's is a shocker to him because of all the companies doing inversions and moving their headquarters overseas, Walgreen's could have done it as well but chose not to. Walgreen's is buying Alliance Boots, which is a foreign company. Cramer says that what is controlling Walgreen's is the conservative guidance which he says could be them low-balling. Cramer relates Walgreen's 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 Wallgreen's.