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Stocks C / CVS Corporation


Subject:  CVS a short? Date:  3/16/1999  6:35 AM
Author:  luvmtains Number:  17 of 503

The retail drug sector looks real interesting. First Long drug stores moved down sharply, now RAD tumbled. I was very unimpressed with CVS same store sales last quarter and with it's high P/E, any negative news could send this stock down. Technically the stock has been in a trading range for quite a while and it might be a good short if it manages to make it to the high end of it's trading range again (54-55) Of course, CVS management is very efficient but I think that they have squeezed about all they can out of the performance of this stock (except for price increases on drugs) unless they expand in the Western states.
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