Is it me or is it CRAZY to see Walgreens is down over 60% in the last 4 years. From a contrarian investors POV this could be signaling a great opportunity to get long and collect dividends while this is trading back at discount prices in the 2000's - 2013 price channel. I have no doubt that Walgreens will be around in 5 years as its been in business since 1901.
I find it absurd that WBA is STILL dropping while more people than ever are in need of prescriptions, immunizations and health care products. In 2019 they filled over 1 billion prescriptions (including immunization)
So with all this in mind, I have no doubt Walgreen will eventually see a bounce above $50 but back up to $90 might be a stretch at this moment in time.
Latest 10Q
www.sec.gov/ix?doc=/Archi...
I find it absurd that WBA is STILL dropping while more people than ever are in need of prescriptions, immunizations and health care products. In 2019 they filled over 1 billion prescriptions (including immunization)
So with all this in mind, I have no doubt Walgreen will eventually see a bounce above $50 but back up to $90 might be a stretch at this moment in time.
Latest 10Q
www.sec.gov/ix?doc=/Archi...
