When To Stay Away
1) Company blames forces not affecting competitors
2) Analysts caught with pants down (warning more than 10% below estimates)
3) No quick fix available
Macke says Walgreen’s (WAG) warning Monday fit all 3 criteria and consequently he says the stock is a sell.
Karen Finerman tells the panel to also look at competitors in the space for added info.
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Trader disclosure: On Oct. 1 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (HAS), (ATVI), (INTC), (SWY); Najarian Owns (GS) Options; Finerman's Firm And Finerman Own (FLS); Web Caller Roger Nesham Owns (DE), (AGU)