He is certainly worthy of that and "letting 100 shares ride" IMHO is a wise play...HOLD and SEE. But as far as adding to what is being held, that video "catches" what I believe is the true sentiment. CVS is not just a retail pharmacy; neither is it a PBM. Because it is neither, each one's (retail pharmy and PBM) CORE is subject to attack. The PBM side has been ravished and CVS' CEO went to the woodshed and returned with a pitbull. Bravo! On the retail side, CVS' ability to grow with WAG has been hurt by CMX' implosion. No company can withstand the loss of billions in business and say "it doesn't matter." So, cash tsunami/bashersuit and now bullmarket, IMHO you have proven wise and the fact that you are a CVSer notwithstanding. At $29, however, I think we should become "players" once again. This does not mean I forsee $29, but maybe Santa will visit us early in 2010. Be well and prosper. c
If CVS retail wasn't such a powerhouse I would have sold a long time ago. LONGS will turn out to be a great purchase for CVS and CVS now hold a great real estate portfolio that Bill Achman is still steaming over losing. The commercial real estate market didn't take the huge hit that some were touting!
For that I have to give Tom Ryan his due. If CVS ever drops under $30 I will be buying all day long