Walgreen’s (WBA) seems like a good value here. WBA just grew profits 27% and the stock has a P/E of only 11. But that doesn’t matter.
Walgreen’s (WBA) is trying to grow in an e-commerce world, and has offered to acquire AmerisourceBergen, which is WBA’s drug distributor.
Drugstore stocks like Walgreen’s (WBA) have had a hard time winning with fears Amazon will someday ship drugs to people directly. But with a P/E of 13, WBA is a value.
Walgreen’s (WBA) profit growth accelerated from 4% to 13% the past 2 qtrs — with 13% growth expected the next three qtrs as well. Will this help the stock tho?
The Walgreen’s (WBA) Rite Aid merger might not be approved by regulators, but analysts still see 12% profit growth at Walgreen’s the next four qtrs.