It was not the Executive Teams fault, it was all those unemployed folks that fell off there Medical coverage that caused the decline in revenue.
The Walgreen Company, the nation’s biggest drugstore chain, said on Tuesday that its quarterly profit sank 11 percent on higher costs related to the nation’s health care rules and its $623 million buyout of Duane Reade".
Lets add the Weather, Calender Shift, Weak Economy,a really good one, people rolling off COBRA, more price cuts from payers, Generic slow down, less convenience buys,flu season slowdown, what's next, BP oil spill impacting summer sales???
A Highly paid Executive team with a poor strategy and outcome. The streets view.
More cost savings to come, Walgreens holding at 27 is doubtfull..
yes rob and thats the same douchbag that came out on 3/26 with a out perform rating at 37$ Are you still short? Its been a good trade for you. When do you plan to cover or are you a x employee. At least you are pretty fair with your posts.