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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