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Cramer: Walgreen Is Going Higher Long Term, Now Is an Opportunity

With Walgreen's earnings report coming up next week, Jim Cramer says this is a stock that's been beaten up but has long-term potential.
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With Walgreen's earnings report coming up next week, Jim Cramer says this is a stock that's been beaten up but has long-term potential. Cramer says Walgreen represents value, and although investors are shorting and selling everything that's value-oriented right now, if you take a longer term view, Walgreen will be much higher a year from now. Walgreen, a stock owned in Jim Cramer and Stephanie Link's ActionAlertsPlus charitable trust portfolio, is a stock that's been written-off, Cramer says. He stresses that this will not be a great quarter, but investors should understand the long-term set-up and take advantage of opportunities to buy.

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