Let's face it Wasson et al has made a lot of shareholders wealthy if not rich. That's what he is getting paid for and he has delivered in spades. there are two sides to every story. If you happen to be friendly with your local store manager or maybe an assistant manager you get a totally different answer.
Many of them remember working when Dan Jorndt, Dave Bernauer and Jeff Rein were presidents. They had DM's that were encouraged to not only motivate their store level crews but to address their concerns. They were cheerleaders for all of those store level employees that lead Walgreens from good to great.
Those days are long gone. Walgreens shareholders expect that management will bring as much to the bottom line as is possible. In today's world that means that soon Walgreen employees will no longer get a discount on sale merchandise. Perhaps management doesn't understand that anything that is not on sale is much cheaper at Wal-Mart . Giving an employee a discount on sale merchandise just saves them a trip to Wal-Mart.
The old saying of "location, location, location is going to crumble. Walgreens has that in spades but doesn't seem to understand that in today's economy you have to have motivated employees that want customers to come back not because you have the lowest prices or are most convenient but because they like the store experience. I don't own any Walgreen stock but if I did, I would sell.
a stock split is an expense without a purpose. let it run. There was a time when it was difficult to buy stock in lots under 100 shares, so keeping the share price low made a company's stock more affordable. Today you can order 10 shares and get a rapid execution.
The company plans on letting this stock go above 100, the powers that are in charge do not like the idea of a split. Allliance Boots is working and will be wholly purchased in 2015. 50/50 that Wag will move headquarters over to Europe and add billions to the bottom line, thanks to US being greedy in going after tax genie, they will kill the golden goose.
Savvy investors realize that WAG is becoming a much larger company with the purchase of Alliance Boots and a more profitable company as margins are better in Boots pharmacies and improving at Walgreens and Boots pharmacies with the Amerisource deal. $130Billion in revenues in 2016 is realistic and may be an understatement. Estimate for 2016 will show up soon after the end of fiscal year 8-31-14. People need to get on board now or be left behind.
"bow-wow"? Yeah, I guess it's only up 28% so far this year. That's just terrible. We investors really need to be able to "breathe easier". LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL
Will the Feds get their numbers review back any quicker so investors can breathe easier. We need a look at the new allowed dividend percentage. This bow-wow needs some help.
Sentiment: Strong Buy
20% of ABC doesn't count as revenue. Gains from the position will be counted as investment gains but not part of company revenues.