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Walgreen Co. Message Board

  • big.yank big.yank Nov 6, 2010 9:00 AM Flag

    Morgan Stanley unravels Walgreens future prospects!

    And no wonder America's finest investment banking team was able to figure it out so easily. After all, clues are EVERYWHERE.

    *Willy nilly store growth.

    *Pursuit of revenue with zero profit enhancement.

    *Exhorbitant cost of acquisitions to support lame market share growth strategy.

    *Out of control SGA and zero apparent impact from announced initiatives.

    *Flu season petering out.

    *Mailorder clobbering small box Rx potential.

    *Humana/Walmart initiative.

    *Walmart $4 Rx program and 90 day Rx's slaughtering WAG counter traffic.

    *Competition from Canadian pharmacies increases to as much as 8% of Rx market,

    *Continued pressure on entitlement reimbursements.

    *Republican House leadership promising to disable Obamacare... driving 60 million uninsured, cash customers to Walmart.

    *Purchase by WAG of the Duane Reade moneypit.

    *Huge raises dished out to pathetic executive leadership... no p[rofit growth, only acquired revenue and MORE NEW STORES.

    *Gambits with share buybacks in Q4 to inflate E/Sh reported numbers.

    *CFO with an obvious drinking problem.

    Glad to see someone is on top of all the action in Deerfield, IL. Great job, M-S.

    Tata,

    Yank

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • i did not see wag begging for bail out use your own brain do not let a idiot that gets billions from clients and needs to be bailed out make choices for you

      • 1 Reply to rednkrick
      • I cannot belive Yank is still here saying the same old crap. How many years is it now? 8? LOL.

        GET A LIFE!

        I cannot believe an individual that sold his alleged 30K shares over a snafu in a ten dollar douche rebate is still posting a bunch of lies about WAG.

        Seriously, you have to be demented to spend all your time here.

        BTW, those shares belonged to his spouse who received them from the spouse's father. They were not Yank's shares.

        Oh yea. In his emotional state to sell them, he could have held onto them just a little longer, but he did not and it cost him about 300K!

        You have to remember the lack of class this imbecile has.

        His ID's which I assume have been deleted by Yahoo included such things as Yankmyhogoff and dirtysanchez. Such class.

        Yank, the only thing WAG and you have in common is that they are both here. The bigger difference is that WAG is making money and WAG will still be here long after you are gone.

        Hello to all the rest of the sane contributors here. You know who you are!

    • I smell class action on the share buyback gambit.

      JMHO!

      Tata,

      Yank

      • 1 Reply to big.yank
      • <<I smell class action on the share buyback gambit.>>

        Judge: In the matter of shareholders versus Walgreens, what say you?

        Attorney: Your honor, we the shareholders are seeking class action status because the management of this company continue to make profits, and send us increased dividends every year. In addition, their use of free cash flow has enhanced our shareholder value, with the share price up an unbelievable amount! We can't possibly short this stock with action like THAT!!

        Judge: I'm ordering a complete evaluation of the shareholder that brought this suit. What's his name?

        Attorney: Well, he's not actually a shareholder, but he did have a beef about a rebate once.

        Judge: Case dismissed. Next!

        Stank, the only action this class of shareholders will have is to take their bag of money to the bank!

    • Part two.

      <<<<< But they just don't ever pay out ANYTHING in profits which drive shareholder value. Want proof?>>>>

      Walgreen, which is based in Deerfield, Ill., earned $2.09 billion, or $2.12 per share, in fiscal 2010, up from $2.01 billion or $2.02 per share, a year earlier. Revenue rose to $67.42 billion from $63.34 billion, a jump of more than 6 percent.

      <<<<Two years ago WAG revenue was $59,034 million. Last year it was $67.420 million. That's liike $8 BILIION in top line revenue growth. Nice.

      Two years ago WAG net income was $2.157 million. Last year it was $2.091 million. Not so nice. In fact, it SUCKS!>>>>>

      Wow!!! You honestly have no clue as to the difference between a BILLION and a MILLION. You use these terms interchangeably without any regard to the content of your post whatsoever.

      The BIG NEWS that I assume you're referring to is the REWIRING FOR GROWTH that Walgreens undertook in the time frame quoted. Offsets in earnings were announced well ahead of the quarterlies. These initiatives were undertaken to save the company over a BILLION dollars this year. The comps you refer to are 2009 vs 2008. Your BIG NEWS is OLD NEWS.


      <<<<(Canadian Pharmacies)>>>>>

      "October 18th, 2010

      TORONTO – Canadians are paying almost two times as much for generic prescription drugs as Americans because of the impact of government drug plans on consumer market dynamics, according to a new study by the Fraser Institute.

      The Canadian public policy think tank, which announced the findings of its "Canada's Drug Price Paradox 2010" study last week, found that prices on 64 generic prescription drugs available in both Canada and the United States were 90% higher on average in Canada than in the U.S.

      <<<<mailorder >>>>>

      Walgreens mail order centers are filling Rx's at full capacity.

      <<<<reduced reimbursements>>>>>

      Walgreen, which is based in Deerfield, Ill., earned $2.09 billion, or $2.12 per share, in fiscal 2010, up from $2.01 billion or $2.02 per share, a year earlier. Revenue rose to $67.42 billion from $63.34 billion, a jump of more than 6 percent.

      Anything else you'd like to discuss?

    • Part one.

      <<<<< willy-nilly new stores,>>>>>

      Those "willy-nilly" new stores show strength and confidence in the future. I guess you prefer a company that's dying (like RAD) over a company with a strong balance sheet, a history of record profits, and 35 straight years of increased dividends (WAG).

      http://seekingalpha.com/article/233827-walgreen-and-cvs-caremark-same-business-different-results?source=yahoo

      <<<<adventures in home infusion>>>>>

      Walgreens is now the leader in home infusion in the nation. Wag has bought up most of the large players in this sector. There is a "tremendous demand" for home infusion companies.

      http://www.aishealth.com/Bnow/hbd102110.html

      <<<<clinics and grotesquely overpriced acquisitions like Duane Reade....>>>>

      http://www.timesherald.com/articles/2010/03/11/business/doc4b988dc7a8c20612858814.txt

      "Duane Reade, under Walgreens management, has gone from 13% market share to 15% in just a year. Combined with the Walgreens stores (total share 29%), they are quickly chipping away at CVS's piece of the Big Apple:-).

      Now, let's take a look at CVS's Long acquisition.

      "In several (former Longs), CVS has not been able to hold onto the customer counts, unit sales and market baskets that had previously set Longs apart from its competitors as an imaginative and dynamic drug chain. The result, in several California cities, has been a flat to somewhat declining market share, a decline that has, in some cases, helped its nearest competitor, Walgreens."

    • So, if the expected growth of new store openings is slower, the profits will be higher ???

      Any comments ???

      The Statistician

      • 2 Replies to levin_stan
      • Always remember that there are NO straight lines in WAG's investor relations guidance. In this case, "slowed new store growth" actually and conveniently "overlooks" new stores gained via acquisition. Since there is an integration cost to converting these new stores to Walgreens system... and that cost exists whether or not, as an example, the DR brand still remains intact. So where's the extra profit? Where has it been for the last 2 years?

        It's just like all the supposed cost savings to be achieved. The reality is that SGA has risen by a $Billion, each of the last 2 years. Are we to believe that it would have gone up another $Billion without these initiatives? Lame. Very lame.

        Caveat emptor. This WAGbag is a very slippery slope.

        Yank

      • So, if the expected growth of new store openings is slower, the profits will be higher ???

        Focusing on the Core revenue driver,
        RX sales and distribution has shifted from just retail distribution.
        The Cannibalism of stores customers within a few miles of each other may maximize warehouse (investment) distribution but does little for expansion reach into the total market,
        Marginal at best.

        Opening new markets have a greater investment risk/cost with a greater upside potential, it also puts the C-suite compensation and ability to grow new revenue to the test.
        Some call it Pay for Performance in growing the business and the market penitration.

        What is your view??

    • Ivan you really need a new stick...
      This board was created to discuss the competitive environment Walgreen's is engaged in with its peer's,
      the good and bad of it future out-look.
      Yanks view could be viewed as constructive criticism.
      Seeking Alfa wrote the following,

      "Walgreen's bond buyers have raised their interest rate requirements slightly to account for the additional risk to their funds. This small risk premium is not due to a credit problem with Walgreen's, but is derived from the disproportionately large Walgreen's positions they hold".

      You have not commented or posted on Seeking Alpha's board or any other board, which leads one to believe that you have a agenda that may not be in the best interest of the investor that buys Walgreens Stock or options.

    • Here's what Lisa, jramp, wagismonkey and the other Walgreens employees that post here don't want investors to comprehend. WAG pees away billions of investor dollars in willy-nilly new stores, adventures in home infusion and clinics and grotesquely overpriced acquisitions like Duane Reade.... all to shuffle the numbers. But they just don't ever pay out ANYTHING in profits which drive shareholder value. Want proof?

      Two years ago WAG revenue was $59,034 million. Last year it was $67.420 million. That's liike $8 BILIION in top line revenue growth. Nice.

      Two years ago WAG net income was $2.157 million. Last year it was $2.091 million. Not so nice. In fact, it SUCKS!

      It's a disgrace! Market share gain only works in a growing market... not one that is under relentless pressure from offshore (Canadian Pharmacies), mailorder and reduced reimbursements.

      Tata,

      Yank

    • big.yank,

      This is a very thorough and comprehensive post by you that paints a new picture of Walgreens, going forward.

      Thank you for the enlightened details.

      I will be selling this disease, come Monday.

      Please keep posting the truth. These pathetic sheep need to know "There is a way..." to make money in stocks and that does not include owning sickly Walgreens shares.

      Thanks. again!

      Kirstie

    • WAG share price turns to bulls41t.

      There was NO other news.

      More to come on Monday, IMHO!

      Tata,

      Yank

    • Part one.

      <<<<*Willy nilly store growth.>>>>>

      Huh?

      That "Willy Nilly" store growth has made Wag the Gold Standard in American Pharmacy Retail. No other chain even comes close.

      http://seekingalpha.com/article/233827-walgreen-and-cvs-caremark-same-business-different-results?source=yahoo

      <<<<<*Pursuit of revenue with zero profit enhancement.>>>>>

      Huh?

      The company reported net income of $470 million, or 49 cents a share, for the quarter. That was up from $436 million, or 44 cents a share, a year earlier. Analysts on average expected earnings of 44 cents a share, according to Thomson Reuters.

      <<<<*Exhorbitant cost of acquisitions to support lame market share growth strategy.>>>>

      Huh?

      "Duane Reade, under Walgreens management, has gone from 13% market share to 15% in just a year. Combined with the Walgreens stores (total share 29%), they are quickly chipping away at CVS's piece of the Big Apple:-).

      Now, let's take a look at CVS's Long acquisition.

      "In several (former Longs), CVS has not been able to hold onto the customer counts, unit sales and market baskets that had previously set Longs apart from its competitors as an imaginative and dynamic drug chain. The result, in several California cities, has been a flat to somewhat declining market share, a decline that has, in some cases, helped its nearest competitor, Walgreens."

      <<<<*Out of control SGA and zero apparent impact from announced initiatives.>>>>

      Huh?

      NEW YORK, Nov 4 (Reuters) - Walgreen Co (WAG.N) is on track to meet its goal of $1 billion in savings this fiscal year as it converts thousands of drug stores to a new, streamlined format.

      • 3 Replies to investmentgrade501
      • A refresher bumped up for people with low mental capabilities like Yank who "forget" easily!

        Hahahahahahahahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!!!!!

      • Oh, pumpie, you ridiculous fool.

        Of all your numerous crocks in your moronic posts, the most obvious is your "retort"... more like a "retard"... regarding Walgreens profits

        You state: "The company reported net income of $470 million..." Yup, dude, they surely did. And tell me, oh wise one... how much net income did they report two years ago?

        The gold standard? The closest Walgreens comes to that benchmark would be comparing it to American Standard... bathroom fixtures.

        Bwahahahahahahahahahahahahahahahahahahaha!

        Tata,

        Yank



        All your "replies" are crap... and so are you... ivan!

        Tata,

        Yank

        ps. Ypu can't fight FACTS with pixels.

      • Part Two.

        <<<<*Flu season petering out.>>>>>

        Huh?

        4.5 MILLION shots given so far this year and we haven't even reached the peak season yet.

        <<<<<*Mailorder clobbering small box Rx potential.>>>>

        Huh?

        Walgreens mail order centers are filling Rx's at full capacity. Who are these small boxes you refer to?

        <<<<*Humana/Walmart initiative.>>>>

        Huh?

        After the Humana/Walmart scam of 2006, you won't see many takers. The American public doesn't forget that easily.

        <<<<*Walmart $4 Rx program and 90 day Rx's slaughtering WAG counter traffic.>>>>

        Huh?

        Oct 25, 2010

        "Walmart no longer routinely grabs market share with the regularity it once did. This is a startling revelation, given the success this retailer had previously enjoyed in drug store categories. Indeed, where Walmart remains a significant player in the 100 largest drug store markets, it can no longer be reckoned a decisive player. As the markets detailed in this report show, Walmart at best has been able to hold share, while losing share in several markets that have long been vital to the retailer’s overall success.

        Several conclusions can be drawn from this most recent data, but the one that comes most readily to mind is that America’s largest retailer no longer dominates on price and assortment the way it once did, and its pharmacy business has been allowed to languish, a victim of the absence of aggressiveness and focus that has generally characterized the retailer of late."

        <<<<*Competition from Canadian pharmacies increases to as much as 8% of Rx market>>>>

        Huh?

        "October 18th, 2010

        TORONTO – Canadians are paying almost two times as much for generic prescription drugs as Americans because of the impact of government drug plans on consumer market dynamics, according to a new study by the Fraser Institute.

        The Canadian public policy think tank, which announced the findings of its "Canada's Drug Price Paradox 2010" study last week, found that prices on 64 generic prescription drugs available in both Canada and the United States were 90% higher on average in Canada than in the U.S.

        <<<<*Continued pressure on entitlement reimbursements.>>>>

        Huh?

        Record profits and increased market share. See above articles.

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