Value In WBA
(Click on image to enlarge)
There’s not a lot happening on the earnings front this week but one stock that I own that is reporting is Walgreens (WBA). The stock has been a disaster for me but it may be bottoming. On October 10, the company announced the appointment of a new CEO Tim Wentworth. On October 12, WBA announced 4QFY23 earnings. In conjunction with that report, WBA guided FY24 adjusted EPS to $3.20-$3.50. At a closing price Friday of $26.11 the stock is trading for less than 8x forward EPS. It also pays a 48-cent quarterly dividend which works out to 7.35% annualized. If WBA can just report an inline quarter on Thursday morning, I think the stock could finally be on its way…..
More By This Author:
The Stock Market Is Priced For Perfection, FDX -11% PremarketThe Fed Pivot Has Created A Moment Of Maximum Optimism
Sentiment Is Euphoric But The CPI May Be Setting Up A Powell Smackdown, Is ORCL A Precedent For ADBE?
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
