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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mike 2.0 who wrote (7975)	8/6/1999 10:55:00 AM
From: geoffrey Wren	Respond to of 78842

Anyone still looking at RAD (Rite-Aid)? Just hit a yearly low around 20. Its PSR ratio is only 1/3 of WAG (Walgreens). Walgreens has a higher per-store sales, though. It's hard to get a handle on these national stores because they have been growing so rapidly, and many of their stores are acquired. Here in the S.F. Bay Area, in my experience Walgreens tends to be the dingiest of the stores, but who knows about the whole country. (And maybe the dingier stores make more money?) If someone is interested in this area, LDG (Long's) trading at 34 is a California/Hawaii drug store. I understand that it's true book value is higher than the reported $16.50, because they carry so much land at original purchase price. It has been rumored that Longs will be bought out, but I don't know by who. Maybe Wal-Mart or ?? For those who want to be defensive with their investments now, I think LDG or RAD would be pretty defensive. No guarantees though! Geoff Wren