Now this will go over most of the pumpers heads, so for the rest of us, Warren Buffett has exited a 8.5 billion dollars positions in bonds issued by Cities and States. Meridith Whitney you may remember from the (Banking Crisis) also projected that most US Cities and States have been spending more money than they were taking in. Spending cuts are in the Works for government services, these services include Medicaid a social Healthcare program that includes drug coverage/payment, also food payments for SODA&Chips from the Food stamp program for these folks.
How will this effect Walgreens and the other Large Chain Drug Stores earnings??
In ONE WORD, REDUCTION!!!!
So if your the Dividend player the current outlook is not on your side..