Walgreens, You Make my IRA Sick

Date October 2, 2007

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On Monday I logged into my IRA to see how the morning was going. To my horror, I had a major drop. Every portfolio in the entire Universe was up on Monday, except mine.

On further investigation, it turns out that Walgreens had turned in a HUGE negative surprise. They missed earning estimates by 7 cents.

I will NEVER understand why companies that large cannot have a handle on their estimates.

I will ALSO NEVER understand why the analysts covering Walgreens got the estimates so wrong.

On Tuesday the bloodletting continues as the analysts wake up and start posting warnings.

Thanks, guys…

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Category Posted in Business, stocks, walgreens

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