THE BONEHEADS AT CVS MAKE CVS A SHORT TERM "SELL".
I've like CVS very much the last 10 years. However, this past Summer I started to sell the shares...and started to build a "short" position...as I see the Boneheads who run the Company making a fatal error.
CVS, like all pharmacies, relies on mature citizens to come in and buy up gobs of goods. But, anyone with any maturity - 40 years old and up - is impatient and doesn't want to deal with "computerized-robot" check out.
Most of these consumers are running away...into the arms of Walgreens/Rite-Aid and others to escape the CVS check-out "gulag". It doesn't take a rocket scientist to figure out that this would happen.
Heck - EVEN A CHIMPANZEE has more business acumen than the BONEHEADS at CVS.
SELL! SELL! SELL! - next quarter will be a train wreck. (and all preventable!)
CVS had a momentum lead going into this year.....they've totally blown it - through sheer upper management lunacy. WHAT A DISGRACE! FIRE THE BASTIDS!