Walgreen (NASDAQ:WBA) is a selection for the real-money Inflation-Protected Income Growth portfolio. In this brief video, portfolio manager Chuck Saletta gives three reasons why he's holding on despite the company's strong rise since he bought it early this year.

To summarize those three reasons:

  • Walgreen's stock looks about fairly valued.
  • Walgreen's balance sheet looks healthy.
  • Walgreen's dividend recently rose 14.5% and looks like it can still grow as the company does.

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Chuck Saletta owns shares of Walgreen Company. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.