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Валгрин Ко. Message Board

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  • yank.wags_chain yank.wags_chain Mar 1, 2008 11:49 PM Flag

    Dueling PBM's!

    The Wisconsin plans were dropped by WAG last quarter and the impact won't even be fully reported for another 90 days. You do seem to have a problem with "facts" when you exit the "safe zone" of what you knew when you once worked at CMX, and then must move on to the realm of contemporary thinking and evaluation since you left.

    "Nuff said." Boy, there's bananarugism if ever I heard one. No. It's not enough said. Walgreens can continue to buy market share by opening more and more small box pill villages... as they have been doing for the last 7 years...and because the prescription market is growing both in customers and scripts/customer show growth in market share. But at what cost to shareholders?

    If there's a 7/11 on one corner and another one opens across the street, 7/11's volume goes up because traffic patterns will favor the new location for some new customers. And if 7/11 opens a third store on another side of the same intersection, once again some new customers will find access/egress more convenient and shop there. And if 7/11 captures a key spot on that 4th corner of the same intersection, guess what happens. Dah, dah! Some new customers, again, shop there, because it is convenient for their commuting route.

    So, yes, you can enhance market share through gross stupidity in new store expansion. And the parlay from my example to Walgreens is really not that big a stretch!

    Universal healthcare is part of the platform of every surviving Presidential candidate except Mike Huckabee who is already mathematically eliminated from contending. So get used to the idea. It is unavoidable, inevitable and WILL help redefine health and pharmacare in America. The endgame result is not likely to favor a highcost retailer like Walgreens. That's just my simple opinion. But at least it comes from someone that doesn't spend lot's of time picking up wheelbarrow-sized turd bundles from a defficating Great Dane.