Most likely due to the slowdown in generic price increases, which have been driving operating margin expansion up to this point; seemed to move a bit lower whenever management mentioned they would focus M&A on the animal health area (roll-up strategy for their MWI acquisition). Potentially worries about share dilution from the Walgreens Boots Alliance warrants as well, though it seems as though mgmt. has it under control (via buybacks).
If it continues to fall, it could provide a decent entry/position building point, although valuation is still on the high side of its peers, CAH and MCK (ABC @ 20.6x Fwd. PE vs. 17.7x and 18.2x for CAH and MCK, respectively), implying it could still have a bit to fall if investors are unwilling to continue giving it a premium valuation (a mistake, in my opinion). I'd sit tight for now..
"The powers that be at ABC" have gotten it so wrong! I have been a long term watcher of the view, and this year has been by far the best year in my opinion. The addition of Rosie Perez and especially Nicole Wallace has made the view a step above other talk shows. The show with previous co-hosts was more slap stick and quite frankly insulting to the intelligence of the viewer. I have read that Nicole is being let go due to lack of knowlege of pop culture. Isn't everyone on the panel supposed to bring something to the table, not only one "view?" I love Whoopie and think the addition of Raven and Michelle are great and should be enough to satisfy your issue of pop culture. Why not have someone who is truly educated in political views and has many other qualities that make the show enjoyable to all. I don't think you have given the new group of gals enough time to gell and see where it goes. I for one am very disappointed.
Over -hyped and over-loved. Work inside this company and you'll find out this emperor has no clothes.
Glad I dumped my company shares a few months ago.
"It looks like ABC wants to move higher. "
LOL, better get out before you lose too much. Margin calls and derivatives up front and center, Carl Icahn previewed what's coming.
I know this company well. All about sales. Surprising the Wall Street boys bid this stock up so high. Got out while the going was good. Plenty of BS internally.