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On top of all that, analysts are expecting strong double digit earnings per share growth going forward. At its current price, the stock trades at over 18 times earnings, which while not bad at all in absolute terms, is significantly higher than its five year average multiple of 16. So, while I think Walgreen is a great pick for a long term investment, I’m not expecting any sharp moves to the upside in the near term. (More.)
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While Canadians on the ground debate the merits of Canada going to war against the Islamic State in Iraq, our ugg boots moccasins CF 18 jet fighters have already dropped laser guided bombs near the militant stronghold of Fallujah. Central Command saying that strikes hit a large Islamic State compound, destroying heavy engineering vehicles used to divert water and flood fields and to fortify the fighters against attack.
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The VIX volatility index continued its descent, falling 13% to an October low of 14.03 as the S 500 gained 3%. Eleven companies set terms this week, surpassing the nine that joined the IPO calendar last week as IPOs on file move quickly to take advantage of a more receptive IPO market.
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