Walgreen: Overreaction Creates Opportunity

Walgreen (WAG) a holding on our recommended buy list, reported a 10% increase in its fiscal second-quarter profit," notes Geoffrey Seiler. The editor of BullMarket.com explains, "Although investors hammered the stock, we think the company delivered solid sales growth. We continue to believe the best is yet to come for Walgreen, with several notable catalysts in the wings. "Guidance was not a factor because Walgreen management doesn't provide specific EPS estimates. Consolidated sales on a same-store basis grew by 4.1% during the quarter and the front-end comparable store result was Walgreen's best performance in 10 quarters. Continue reading the article.