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Post# of 704019
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Joe Stocks

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Alias Born 02/24/2002

Joe Stocks

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Re: J7P post# 50218

Thursday, 11/28/2002 9:28:59 PM

Thursday, November 28, 2002 9:28:59 PM

Post# of 704019
WAG- I'm in Atlanta. Eckerds was first here of the big chains then CVS. WAG has been a late entry but has come in strong. WAG is the biggest of the bunch and probably the best. All the majors have copied WAG's location strategy. Once you are in one of them you could be in any of them. With CVS and WAG with PE's in the high 20's and growth rates in the teens I think they are fully valued. I don't see any reason for PE expansion so I would rate WAG a hold at best. This from I guy that loved this group 2-3 years ago but sees things differently now.

Joe

Joe

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