WAG is already up 1.7% in PM but don’t let that stop you.
For the last week the rumor was that earnings would disappoint but sales are up 11% with same store sales up 8%.
The stock is down from its high of $48.25 on the 24th and has a lot of shorts who will have to duck and cover today.
Its already a great company with sales and earnings growing at around 14% for every one of the past 5 years. Come on people, they sell drugs and it’s legal – what else do you need to know?
With the stock up 30% from last year, insiders shed just 1.6% of their holdings in the last 6 months while institutions have been buying , even in a bad sector.
This stock will probably retest $48.25 today so any entry under $47 is a real gift. I’m buying the $47.50s at the bell and will look for about .25-.50 before I get at least half out.
