getting down to that for you ? next you may be commenting on the condition of the paving in their parking lots.
comments on the value system of walgreens managment, from a guy who tries to influence others so he can make money.
and the world turns.
Why didn't you wait, Stupid? The stock SOARED after hours when Wasson's retirement was announced.
Pretty typical idiocy from you, robbsbeach.
"I have never hear their Analysts"
Another gem! Why do you insist on trying to put sentences together all by yourself????
I've told you to stick to cutting and pasting!
You're as bad with the English language as you are with investing.
Is there ANYTHING you're good at??????????????????????????????
Walgreens still warehouses everything they ever did except Rx Drugs. They cut a deal with ABC to gain the efficiencies of ABC, increase their buying power and benefit from 5 days weekly delivery instead of 1 or 2 days. This decreases inventory while reducing out of stock situations. Truly they are not out of the Rx warehousing business. This is a time of transition, and during this time they have taken a 7% stake in ABC. They have options to buy another 8% of ABC at $51.50/share in 2016 and yet another 8% stake in ABC in at $52.50/share in 2017. ABC stock is currently over $87/share so Walgreens will be buying in at a tremendous discount. They will own 23% of the company (ABC) and have two board seats. A sweet deal. They are definitely not through warehousing. If you would just stick to discussing things you understand, we would never have to hear from you again. That too would be a sweet deal.
Yea right, and Walgreens ex CFO by himself made a 1.1 billion dollar forward accounting error.. and is leaving for better opportunities.
The Spin masters on Wallstreet and their Corporate Clients never give up selling their BS.. what ever happen to investigative Journalism Americans are famous for??
Walgreens Co. removes its CFO, CEO president of pharmacy and Wallstreet rallies Wag on this news..
Based on What?? The market has not seen improved financials from this Merger..
Now a new CEO will be appointed and I'm thinking Wasson was not expecting his dismissal, as a new CEO was not named and "a search is underway".. unlike in the CFO's case..
Something was of Concern in Walgreens Executive lair as to the Alliance Boots Merger meetings with large investors and Wasson needed to Go.../ As Wasson was always for this Merger and all on the street knew he was a poor choice to run Walgreens Co., so something else is at the bottom of this "Retirement"".
Could this be related to the CtW group requesting a formal SEC investigation in illegal disclosure of non public information and a formal SEC inquire is underway???
Inquiring minds want to Know!!! as the Corporate Legal Eagles already know..
He's quite the savvy investor. LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL
It is a fact once information is posted online it will there forever, so Walgreens need not pursue having this suit sealed from public view.. and thank the WSJ for a ray of Sunshine for the main street investors..
All I can say it is shocking to read this filing... charges with written documents & communication supporting the charges..
Don't count on the long term plans that Walgreens has presented to the investing public, this litigation is a game changer that possibly will effect the pricing of Wag shares and Corp. governance going forward..
All questions asked why Volume of shares traded the last few day's fell off can be answered upon reading this lawsuit..
Sentiment: Strong Sell
Actually CVS is up 423% since 1998, WAG 329%. Wag outperformed for the first few years but Melville eventually caught up and passed them
Lets put the Walgreens operations in order.
1) Hired a new CFO...Wade Miquelon
2) Expand beyond organic growth to Large Acquisitions
3) Set up Venture capital fund.
4) Stop the Revenue loss from Esrx contract refusal
and sell corporations assets
5) Expand operations revenue outside of the US. with Alliance Boots merger
with possible EBITDA lower tax country.
6) Crash and burn on the Inversion plan and adjust for lower Rx payments
7) Restate earnings outlook from original Alliance Boots synergy projection
8) Fire CFO/ force resignation and blame projections on his group.
9) Realign venture spending back into revenue
10) Spend billions in full merger with Alliance boots and consolidate their debt.
At the end of the day Walgreens has not increased operational income as fast as debt has increased from roll ups in Merger and Acquisition and soon to be debt consolidation
CEO Announces 1 billion dollars in spending cuts to offset merger growth synergy projection..
and Reorganize 110 yr. old Company to a holding Company keeping Director and his executives in place.
So is there net margin growth of Inventory Sales, NO ..
Just a Sleight of hand in accounting.. Inversion anyone..HA
Sentiment: Strong Sell
Martin Grass kicked the bucket of Lung cancer he also cooked Rite Aids books.. I think drug stores not selling cigarettes might catch on!!!
CVS never had the head start that Walgreens enjoyed, Walgreens stepping into foreign markets is risky and CVS PBM cost controls now is beating Walgreens plans.
Didn't Walgreens once own a PBM? and Wag's CEO sold it, perhaps he is better qualified to making/serving milk shakes, fries and sushi cakes.
Yes Investors, Walgreens has lawyer up for the Last 5 years as a result of Managements failures and a board of Directors shameful handling in its responsibility for being accountable to its voting shareholders.. these failures in the last 5 years resulted in multi-million dollar fines and settlements.
It was reported in yesterday WSJ, that a large activist investment hedge fund has placed a long/short Target on Walgreens Board of Directors Chairman, former Company..., Walgreens Chairman of the Board was the former CEO of MCD..
Jana Partners as was reported by the WSJ, placed a multi million dollar hedged fund position in McDonalds (MCD).
As Jana Partners is a Major Hedge fund firm on Wall-street, its success has been seeking out corporation deception, lies and Incompetence in leadership and seeking Change in Corporate governance.
Hedge Funds use leveraged Money, with Wealthy investors money to challenge a company to meet on the Market trading floor for Valuing a Corporation Selling Price.
Stay tuned folks Short or Long.. billions will be made or lost..
Sentiment: Strong Sell
was it worse than the non stop sell advice you were handing out ? Went up 12 bucks in two months while you were predicting down.
Of course....I sold too soon :) but 5 bucks in a few weeks was OK.
I'm not saying it will happen, but I also don't believe it was laid to rest. It would be a controversial move and a little too risky for a conservative company like Walgreens. I just threw inversion out there to make the point that Pessina as CEO of Walgreens will likely provide investors & employees with some surprises.
Jana took advice from the same folks who sold CDO's and credit default swaps..
and they are unloading there positions..
Barry is down 2.1 % and if he thinks Walgreens is going to be worth more after this merger, he needs to consult his 8 ball and buy a Weegie board.
Been a follower of WAG for decades, but numbers not adding up
will look to get in, sadly much lower
I love the co, is still well run, a dividend powerhouse over time, but these valuation do not make sense, not even close, even if they unlock real estate value valuations make no sense at these levels
jmho, I will be watching and waiting, probably several years
Walgreens doesn't worry about parking lots anymore they are engaged in selling off all of the RE assets, and are the shareholders getting this money ...NO!!!
Walgreens outsourcing has reached downside levels as they outsourced their core revenue structure that being Rx warehousing. and who does this in the Rx Drug Store sector beside Rite Aid?
Does CVS or Boots own their own warehouses?? So Walgreens after the Alliance boots merger is going to sell or outsource all Alliance boots Rx warehouses, because this is a best solution to fight Rx price inflation???.. LOL.. LOL
You are playing in a Hedge fund controlled investment, So don't be surprised when this investment deflates as Walgreens assets have been stripped away from the stock holders and given out to Executives and Investment bankers and then handed over to professional traders..
Sentiment: Strong Sell