Thanks for bumping up this very entertaining and humorous thread.
I nearly spit my coffee through my nose when I read Taiguy's "dope to simpleton" post. Classic!
Let me provide one more answer to the poster's question:
"Did anyone think about what will happen when Walmart offers $4 flu shots?"
Yes, I did. Walmart will increase wait times, and alienate the few loyal customers they have left. Once these customers discover that they can get on with their life for only a few more dollars, an entire legion of new Walgreens customers will flock to the stores! Walgreens. There's a way.
I would love it as they do not have the trained staff and would be taking it in the pants financially. WAG and others would still offer them at the same price and still make just as much cash in teh end.
How about a going out of business sale. This program has been one of the few successful program put in place that added to the bottom line.
Unfortunately, Walgreen's & CVS think they need to compete against Wal-mart or the local Supermarket, this direction will be the Death Spiral in this Industry.
Your thinking, is that medical care is a consumer product, well I wish you luck, if you ever need to have open heart surgery and are looking for professionals, who you would want to take care of you should you survive the low cost bidder, I know they will not be at Wal-mart.. However they may be at a independently owned pharmacy.
This message board is full of illusionists who know nothing about being profitable in caring for a patient. The also know nothing about community medical care which is evident by the posts or lack of post on this subject. Their goal is to distract you from thinking.
Walgreen's & CVS has lost the Diabetic market by losing focus of the pharmacy business. Putting lipstick on a pig still yield you a pig. But a surgeon can make a pig into a cover girl, which was lost in the Marketing direction.
Controlling SG&A gets the fat out and adds muscle to a corporation and that yields higher dividends. This is what the Covering Analysts asked about going forward