Walgreens was founded in 1901--that should tell you something right there. Shares have taken a beating after Wal-mart announced its perscription plan (Fall '06), and invesotrs are watching the company closely. Although WAG reaps 60% of its profits through prescription sales, a strong growth history indicates that WAG will remain a viable player in the prescription industry. On an additional note, WAG outpreformed Intel over the past 25 years and projects to double retail locations to 6000 stores by 2010.
Publix Supermarkets (not publicly available) generates reports on competitive retail stocks--WAG is second to Publix for 3 years running in its sector.
Jim Cramer says "be careful." I say, "be aggressive."
$42.37 (11/12/06)
