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mins  Walgreen Co. Message Board    • investora2z investora2z
Jul 2, 2013 6:30 AM Flag      Around crucial levels      The
earnings missed the analyst estimates and the stock took a
beating. The earnings were not that bad as the revenues, net
income and margins, all expanded. However, the expectations were
for faster growth, higher expansion in margins etc. Fall in
customer traffic also raised some concerns. Now it has fallen by
about 14% from the highs made just before the earnings release.
Most of the decline is attributable to the lower than expected
performance, but a part of that is also linked to the fact that
the stock had already done great over the last few quarters. So
margin for error was less, and slippages were not at all
welcome. The stock is still not stable and it seems that the
selling is not totally over. The inherent strength of the stock
may help it make a rebound and $44 will be a key level to watch
in the short term. $40-42