Archive for September, 2009

$WAG Walgreen Company’s Earnings Release: September 29, 2009

Walgreen Company., (WAG): Founded in 1901 and based in Deerfield, Illinois, Walgreen Company sells prescription and non-prescription drugs, and general merchandise through its chain of drugstores in the United States. As of May 31, 2009, the company operated 7,361 store locations in 49 states, the District of Columbia, Puerto Rico and Guam. That includes 6,857 drugstores, as well as work-site health and wellness centers, home care facilities and specialty, institutional and mail service pharmacies. The company acquired 40 drugstores, including 29 Drug Fair Stores in central and western New Jersey and eight Rite Aid locations in San Francisco and eastern Idaho in the quarter ended May 2009.

On June 22, 2009, Walgreen announced its earnings for the third fiscal quarter ended May 2009. The company earned 53 cents per share for the quarter, decrease of 8.8 percent, compare to 58 cents per share in the same quarter a year ago.

Market is expecting a profit of 39 cents per share on the earnings of $15.68 Billion, for the second fiscal quarter ended August 2009, which is  6 cents less than its posted profit of 45 cents per share a year ago in the same quarter.

Walgreen is one of the best in its sector and still missed markets expectations in last three quarters. Swine-flu fears might help Walgreen this fall, but for now I am listing WAG in my SHORT sell watch list for short term trading. The Company announced that it will be releasing its second quarter earnings on September 29, 2009 at 7:30 AM Eastern standard time.

$CALM Earnings on September 28, 2009

Cal-Maine Foods, Inc., (CALM): Founded in 1969, based in Jackson, Mississippi, Cal-Maine Foods, Inc., engages in the business of production, grading, packaging, marketing and distribution of shell eggs. It sells most of its shell eggs in 29 states, primarily in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. In fiscal year of 2008, the company sold approximately 678 million dozen shell eggs, which represent 15.8% of domestic shell egg consumption in the United States. The company also produces and markets value-added specialty shell eggs in the United States. Specialty shell eggs include reduced cholesterol, cage free and organic eggs. Specialty eggs brands consists of Egg-Land's Best and Farmhouse.

On July 27, 2009, Cal-Maine Foods, Inc., announced earnings for the fourth quarter and fiscal year ended May 30, 2009. For the fourth quarter, the company posted a profit of 43 cents per share on earnings of $213.6 million, compared to a profit per share of $1.54 on earnings of $235.6 million in the same quarter a year ago. For the fiscal year 2009, net sales were $928.8 million compared with net sales of $915.9 million for fiscal 2008, and net income of $3.34 per share for the fiscal 2009, compared with $6.41 per share in fiscal year 2008.

Cal-Maine Foods will be reporting its earnings for the first fiscal quarter2010 ended August 2009 on Monday September 28, 2009 before market open. Analysts are expecting a profit of 26 cents a share, which is short by 21 cents as it posted a profit of 47 cents per share a year ago in the same quarter.

Consumers are dining out less than they were a year ago, egg prices has not change much, feed price has gone down but not significantly. May be this stock is good for long term value investors but not for the short term swing traders. I am moving CALM in my SHORT sell watch list for Monday September 28, 2009 and will be watching closely to enter on the short side, unless the company posts a miraculously high profit against the expectations.

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