Seeking Alpha

Richard Berger's  Instablog

Richard Berger
Send Message
Mr. Berger is the creator and developer of the YDP screening tool. A chart system and its analysis for screening and monitoring dividend income equity investments. Seeking Alpha's #3 ranked Author for Income Investing Strategy & #4 for Utilities. A former Chief Operating Officer, Director,... More
My blog:
Boater805's Blog
  • Walgreen - Definitely Not A Dividend Income Equity Investment 2 comments
    Mar 18, 2013 1:28 PM | about stocks: WAG

    A reader suggested Walgreen (NYSE:WAG) might be poised at a good entry point as a dividend income equity investment. A look at it's YDP chart seems to show players totally ignore its dividend in trading shares. The yield is rising against both rising and falling share price, a reflection of its rapidly increasing distribution. However, share price volatility totally eclipses dividend yield. The technical chart is pretty simple and an investor could use that to find a more comfortable entry point for both price growth and best yield. The highly volatile quarterly price swings suggests maybe the stock is driven by short sellers and short squeezes. Its too bold for my blood but maybe you like a wild ride.

    WAG Chart

    WAG data by YCharts

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Richard Berger's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • PendragonY
    , contributor
    Comments (5413) | Send Message
     
    Richard,

     

    Yes, its a bit volatile, and I don't think over $40 is a good entry point. But its not bad if you buy on dips below the mid 30s.
    19 Mar 2013, 08:54 AM Reply Like
  • Richard Berger
    , contributor
    Comments (928) | Send Message
     
    Author’s reply » Agreed, if you market time it right or can get an attractive cash covered put premium at an appropriate Strike price for an entry point, an investor could find some favorable position.
    19 Mar 2013, 07:04 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.