.........................that WAG stock would go down a few points during the next session just so the dumb pathetic idiot robbsbeach could have some sort of a false sense of accomplishment.
This idiot has actually been bashing since WAG was in the twenties 24-7, 365 days a year. It all started out several years ago when he posted about getting turned down for a rebate for an enema kit (I'm not making this up), and he's been going strong ever since. Every time he posts, WAG stock goes up a few more points. It's kind of fun pointing out his stupidity (OK it's REALLY fun). To tell you the truth, this board would be pretty boring without him. I've never encountered anyone nearly as stupid on any other board. ENJOY!
Selling off any real estate assets was probably not a bad idea in this low cap rate environment (I'm guessing a WAG leased, single-tenant property would sell at around a 5.5-5.75% cap rate). Surely WAG can achieve a higher return on its capital than 5.5%. I don't know enough about the operational entities you mention, but perhaps Wall Street thinks those businesses were not that profitable anyway? If your main complaint is that there is a lot of financial engineering supporting the stock price, one could make that same complaint about the vast majority of S&P 500 companies nowadays...
As Bill Ackman was who was betting against HLF waited several years for his position to turn around.
As for Walgreens I did not foresee that they would sell so many Corporate assets to keep up there share price
This is recap of asset sales: it stated with Walgreens PBM being sold, then they sold off the long term care Rx pharmacy business, next they sold off a large part of there Corporate HQ's in Deerfield,
Along they way they also sold several companies owned Land & store buildings in several states. leasing them back.. in some markets it was land only.
Walgreens also sold over a 50% position in its work place centers & staffing with a leasing agreement for the Rx business in these locations.
If I recall correctly Walgreens also sold off it Maintenance Service Department with replacement stock to Coldwell banker with a multi year service contract included to service Walgreens stores.
I believe I read somewhere they sold off their tractors with trailers and leased them back..
I'm sure I'm missing others, but asset sales have been included in the financials for the last 5 years..
Most recently news reports stated Walgreens and BOA was looking to sell a large stake in there specialty Rx Business
You have to admit, the Hedge funds moved into Walgreens and not the other 2 Drug store's out there
CVS or RAD...
as reflected by a 25 % price increase since you posted your first sell recommendation.
isn't credibility and issue with you ?
I only stop by here occasionally, but you've been dead wrong on this stock for a long time. I bought WAG three years ago for around $34/share, and all it's done since is pay me a nice dividend and go up in value. And I'd much rather shop there than a creepy CVS store. Seriously, what's not to like?