You might have another downer! You wonder how high they can go. WLA
trades LEAPs and also pays a dividend. The next ex. div. date is Nov.
5, 1998. WLA trades LEAPs which may be a way to buy into WLA after it
corrects with little money to write CCs against in a spread.
WLA has a growth rate of 21.84% vs. a big premium 52.1 P/E. Sounds
very rich at current price level. Earnings projection was reduced on
08/21/98 from $1.44 ro $1.42.
NYSE: (WLA : $75 1/2)$61,422 million Market Cap at August 25, 1998
Ranks 182nd in the Fortune 500 on Revenue & 104th on Profit. Employs
38,000. Trades at a 50% Premium PE Multiple of 52.1 X, vs. the 34.7 X
average multiple at which the Drugs SubIndustry is priced.
The upper BB was tagged recently and the RSI has dropped off below 50
and the stock is moving sideways. It may gap downward. That would be
a good thing for WLA. Watch short interest increases for clues it the
funds are shorting against the box. Any lurkers out there with Level
II data feeds might be able to get back to us on that. An early
warning might be the edge we need to buy cheap puts.
bigcharts.com
Insider selling is going on. Makes you wonder why they are heading
for the exits.
DE VINK LODEWIJK J R OD Disposed 2,835 $79.44 07/23/98 08/06/98 S
DE VINK LODEWIJK J R OD Disposed 261,000 $80.15 07/23/98 08/06/98 S
GROSS PHILIP M O Disposed 24,450 $81.24 07/22/98 08/06/98 S
KEELTY RICHARD W O Disposed 31,200 $81.88 07/21/98 08/06/98 S
MORTON S MORGAN O Disposed 7,500 $83.06 07/21/98 08/06/98 S
MORTON S MORGAN O Disposed 57 $82.25 07/21/98 08/06/98 S
JOHNSON GREGORY L O Disposed 37,500 $81.88 07/21/98 08/06/98 S
JOHNSON GREGORY L O Disposed 110 $82.31 07/21/98 08/06/98 S
PALTIEL RAE G O Disposed 6,900 $81.88 07/21/98 08/06/98 S
WOODSON WILLIAM S OT Disposed 3,000 $81.37 07/21/98 08/06/98 S
OBERKFELL HAROLD F O Disposed 19,200 $82.03 07/21/98 08/06/98 S
GROSS PHILIP M O Disposed 24,450 $81.88 07/21/98 08/06/98 S |
