Welcome to MSNBC and reporter Maria Bartiromo's interview with Walgreens CEO, Jeffrey Rein.
"Good evening, Mr. Rein. Walgreens stock has held up rather well during the last few difficult days for the Dow. Do you have any idea why?" (MB)
"We are opening new stores." (JR)
"Well, that certainly has been the case for several years. But what underlying fundamentals do you think savvy investors are focusing on to select Walgreens as an investment?" (MB)
"We are opening many new stores." (JR)
"Mr. Rein, with technology playing such a role in both retailing and supply chain management, can you tell us how technology is helping to shape Walgreen's future?" (MB)
"We are opening new stores and all of them have electricity and intranet links." (JR)
"So, you are using new telecommunications technology to sharpen your retailing skills?" (MB)
"No. We just open new stores and they have all this expensive stuff that plugs in." (JR)
"Walgreens is a well established icon on the Dow and has a proud history of growth and share price appreciation, except for the last five to seven years, where it really has been asleep at the wheel. What is new, that will change the curve?" (MB)
"Well, we plan to open more stores." (JR)
"But that sounds like the same strategy that Walgreens has employed for over 15 years." (MB)
"No. It's a completely new strategy." (JR)
"Okay, I'll bite, so what is new about Walgreen's strategy?" (MB)
"Well, you are getting a little aggressive in your questioning, now aren't you, girlie?" (JR)
"I'm just looking for some answers for serious investors. What is new about opening new stores?" (MB)
"Well, if you insist, Walgreens used to open new stores based on careful real estate analysis, traffic count and a competitive target matrix that helped us pinpoint opportunity zones for store expansion. This became the driver for opening so many new stores." (JR)
"Sounds exciting, So what is new or different in the process that guides the future you wish investors to buy into?" (MB)
"Well, the big change is that we threw all that old textbook analytical claptrap away, and embarked on a bold new strategy. (JR)
"Sounds even more exciting. Can you tell us more about it?" (MB)
"Sure. Now we just open new stores. It doesn't matter where they are. They could be a block away from an existing store but, when you want to be the next Seven/Eleven of convenience retailing, you can never have too many stores." (JR)
"Mr.Rein that sounds like unsound logic to me." (MB)
"Well, Maria, I grant you your opinion because you do have a fine pair of gazongas, despite your inability to comprehend our brilliant new store opening program." (JR)
"That was a crude and unnecessary remark, Mr. Rein. Who taught you such manners?" (MB)
"Why, Maria, I thought you knew; it was bananarug. I paid him $800K in my last IPO ("D" is for "DummyPharmaDunces") and he tutored me in this whole new skills set as part of his consulting project." (JR)
"Well, Mr. Rein, this interview is headed to a screeching halt based on your misoginistic and prehistoric views towards women. Do you have any final statement?" (MB)
"Yes, Maria, I do." (JR)
"So spit it out, already. What is happening in WAG's future that people shoud know about?" (MB)
"We are opening new stores." (JR)
"There you have it, investors. Walgreens is opening some new stores, willy nilly." (MB)
... commercial break...
Of all the competition, WAG has more sales per store than the leader in number of stores (CVS). More sales per store than the leader in number of stores. Get it? Fewer stores but more income per store. Seems like a good thing to me.
Also internationally reknowned.
Stop yanking me.
WAG is listed in the top 200 of the GLOBAL 500 companies. Must be doing something right don't you think? GLOBAL, dude, GLOBAL.
"You obviously see no inappropriateness if Kimberly Clark appoints a male to manage their Kotex brand. I disagree, totally."
Wyeth is looking for an ASSHOLE to manage their Preparation H division! YOU should apply!
Yeah no rebates at Scam Mart. You said it.
More PROOF that Yank doesn't know his hole from an Ass on the ground.
Thanks for constantly correcting irrelevant Yank's distortions, untruths and bare-faced LIES! I am glad YOU take the time to show the message board what a lying sack of sh!t that Yank is and to accurately portray Wag as a good investment! Great job!
Why don't you mail Jeff Rein a similar letter. I'm sure he could use the laugh. Then you can frame his letter of reply. You might even get your $10 douche rebate back.
Worth a shot don't you think?
The previous poster hit the nail right on the head saying:
"You have clearly shown the world you have no class and no talent, but most definitely you have no idea of how fine a company this is, and how hard working its diverse employees are, no matter what their position in the company. You also show that you don't even have any clue to the business."
Yank asks, "How many male brand managers do you think Kimberly Clark has had for the Kotex brand, over the years?"
We're talking about diversity and YOU are talking about tampon development! Hahahahahahahaha! IDIOT!
Yanks says, "intelligence is not the only criteria in decision making; relevency and social orientation play a huge role"
Are YOU for real? Do you get let out on the streets alone? You sound like a mindless, liberal loser, who wants society to make everything even by holding back the high performers and boosting up losers like YOU! You like government programs that waste money supporting bums like you as long as some one else pays for it! LOSER!!!!!!!!!
You have NO credibility, no brains and no common sense! You can't even run your own life, but you have advice for a Fortune 500 company on how THEY can improve? Hahahahahahaha! Get your own house in order, that should keep you busy and stay away from here. dumb ass!