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Walgreen is your corner drugstore, selling prescription and OTC drugs and an array of other merchandise.
Walgreen’s (WAG) has announced two new board seats will be given to activist shareholder Jana Partners. This means that there will be additional shareholder value creation at the company. I like the Alliance Boots deal and believe the combination is powerful. Add on an activist into the mix, which likely means new management and new capital deployment/financial leverage targets, which should improve earnings power and investor confidence. It's not likely that WAG will be able to achieve the efficiency of CVS, given the slightly different business models, but there is more upside to the initial cost savings potential for WAG/Alliance Boots that I believe is under-appreciated.
Are you kidding me? No tax inversion leads to this big of a selloff? What a great buying opportunity.
WAG increased the dividend to 33.75 cents per quarter. At the current stock price in pre-market trade of $58.50 the dividend yield is roughly 2.3%. Rx margin pressure is hurting financial outlook.
Dividends500 tracks the 200 strongest dividends in the S&P 500. To qualify as a strong dividend, the company must meet two simple requirements:- A payout ratio below 50%- An increasing dividend from the prior yearBecause there are more than 200 dividend paying companies in the S&P 500 that meet these requirements, the qualifying companies with the largest dividend yields were chosen. Dividends500 intends to test this FactSet article, which highlights these strong dividend paying companies and their outperformance versus the S&P 500 as a whole (Page 12).http://www.factset.com/websitefiles/PDFs/dividend/dividend_12.16.13If you have questions or see something you think is inaccurate feel free to let me know.
Amerisourse Bergen signed multi year agreement worth $400 B with Walgreens Offical distrubitors begining Sept 1 2013 10 yr the deal ended relationship with Cardinal Health Alliance Boots got 7% stake in Amerisourse Bergen Co. will see its sales grow by $ 25 B repersenting 30% of its revenue
These early picks show the value of holding.Div. (Yield) $1.26 (2.1%)Current Yield 3.73%
Changing My Caps to Reflect my investing strategy. I start with a simple screener trying to find undervalued dividend paying stocks. Then because I want to invest in things I understand I eliminate any businesses I have not heard of or in areas I lack knowledge ( Financials, Precious Metals). After that I check the Caps Rating and it gets a thumbs up if it is rated 4 stars or higher. Very few 3 star companies will get a thumbs up but occasionally i will go out on a limb with one.
after reading this article i am concerned about the profit margins on dispensing products at retail as opposed to in specialty pharmacies. CVS is much better positioned in SP than walgreens so i green thumb CVS down thumb WAG http://www.drugchannels.net/2013/03/what-free-generic-lipitor-says-about.html
RX company for Obamacare in 2014
I have watched Walgreen for several years, and often feel that it does serve the needs of the seniors. For example, if I want to buy an item in smaller quantities, Walgreen may have what I need. The grocery stores seem to want me to bear the warehousing costs of most general household items.
Well managed company with a strong and increasing dividend, as well as a well funded stock buyback program. These guys are planning for the future rather then just looking forward for the next 6 months.
Jim cramer said its a good stock
Recently closed at 52 week high. Expect uneven earnings.
Love this company!
WAG is poised to continue to grow due to aging population and expansive growth in healthcare fields. This area cannot be overlooked and the huge players in the arena are the way to go. Some are bearish about the acquisition of the foreign pharmacy unit they have recently jumped into bed with, not me. International growth without having to break into the market. WAG has done a great job integrating purchases, why would this change now. The recent problems with the pharmacy benefits partner are clearing up but the improvment in this relationship has not been reflected into the price yet. Top it off with a 2.8% dividend and this one will help me grow old comfortably.
Unedited excerpt from a CAPSCall article anticipated for publication on 31-DEC-2012:The next selection for the newly launched Inflation-Protected Income Growth Portfolio is drug store titan Walgreen (NYSE: WAG). Well known for marrying convenience with service and well-staffed, knowledgeable pharmacies, Walgreen prides itself on being available where and when its customers need it.The company has paid a dividend for 80 straight years, and it has paid higher amounts each year for the past 37. That’s a commendable track record. Even better, that shareholder-friendly dividend policy predates the Bush dividend tax cuts by decades, making it unlikely that it would change just because those cuts are slated to expire. And with a respectable payout ratio of 45%, it has considerable coverage even if things do go bad.
Here's a pick where I nailed the bottom (aka luck). Walgreen is an amazing company that always increases its dividend, is still growing, and allows me to relive my childhood with Lunchables when I forget to pack a lunch. Go long, outperform, and prosper.
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