You have your facts wrong. I do not think CVS has ever reported monthly sales. If they did it was YEARS ago.
So, if CVS hadn't had a stock split in 2005, it's stock price would be 102.86 today, while Walgreens stock price is still, consistently struggling to hit $40. If it weren't for the dividend payout at Walgreens, investors wouldn't be in this stock at all. I think it is time for a change in upper management.
I sold all WAG shares and bought CVS about 2 years ago. Now have an 82% gain. Glad I made the choice. Did not like what new management at Walgreens was doing. All over the board with no clear direction. Now CVS is catching up in the Div p/o and the stock gains more than make up the lower payout. Plus love the new investment in South America. Can't go wrong with CVS. WAG needs new management at the top. Just saying.
Milo is wrong, it was Longs Drugs that was considered for purchase under Rein. CVS won out on the purchase making them a major player on the west coast, just when Walgreens was trying to establish a larger presence there.
EVA Dimensions, LLC downgrades WALGREEN CO from OVERWEIGHT to HOLD.
On April 19, 2012 EVA Dimensions, LLC downgraded WALGREEN CO(WAG) from OVERWEIGHT to HOLD
Market Chatter: Walgreen Settles with DOJ; Fined $7.9Million,
A release by the Department of Justice says WAG has agreed to pay $7.9 million to resolve false prescription billing claims.
According to MarketWatch, the settlement resolves allegations that the drugstore company offered illegal inducements, in the form of $25 gift cards, to beneficiaries of government health care programs when they transferred a prescription from another pharmacy to Walgreen
On speculation that a deal with Esrx will be forthcoming. I would like to know if anyone else thinks this company is totally screwed up. Let's say there is deal, and customers do come back, how is the volume going to be handled by the reduction in workforce that has just occurred? Seriously, what the *@#&* is wrong with the decision makers at Walgreens? I am so disappointed at the mixed messages and failed strategies in addition to lack of corrective action on the boards part. If the past few years are indication of future actions, I think many shareholders will bail out.
....sending your store pharmacists and personnel out to call on Doctors offices asking to send patients to Walgreens.
....threatening store employees with bad reviews if they do not, offer blue basket to customers or do not say "be well" or do not offer a suggestive sell item.
....having your employees call former rx customers to convince them to come back.
....issuing "the value of Walgreens Part I and II".
....cutting store hours and eliminating many 24 hr stores.
....running stores with the bare minimum and eliminating Store Managers to be replaced by essentially the same role at less pay.
....buying back shares to manipulate EPS.
....and top off the mismanagement of this "dynasty" by giving "themselves" huge salaries, bonus and more and more benefits.
Off with their heads!
sideline working for ya????? Bringing in ton's of customers?
"President Barack Obama's administration has been a strong proponent of electric vehicles like the Volt and set a goal of getting 1 million battery-powered vehicles on the road by 2015. Lux Research estimates that number will actually be fewer than 200,000. Both the Volt and Karma's development were supported by low-interest federal loans."
By the time a viable, reasonably priced electric car hits the market, all the technology in charging stations will have changed and all gas stations will provide the service. So who's bright idea was this and how in the world did the BOD approve?
Just heard Orlando central fill will be filling for the whole state. Don't really know if this is the beginning of the end of Power, or not. Either way closing this facility may be an indication of problems with the concept. Time will tell.
Posted March 1, 2009 is the following....
Walgreens is expanding a central fill program, first launched in Florida, nationwide. The program, called POWER, for Pharmacy Optimization Within Enterprise Re-engineering, has already been expanded into Arizona. The company hopes to have all of its 7,000-plus locations in the program within three to five years.
"By the end of the fiscal year, all of our Florida locations will be using POWER," said Walgreens spokeswoman Tiffani Washington. "This could be game- changing in terms of the perception of pharmacy and pharmacists in health care." While most major drug chains have tested central fill programs, Walgreens appears to be the first to take the concept national, said industry consultant Robert Coopman. He created a central fill program for Texas-based H.E. Butt Grocery Company. "Walgreens could be a tipping point for central fill," Coopman said. "They have done a great job of getting prescriptions out the door of individual stores. But at some point, you start to choke at the store level. Central fill gives you higher volume through an existing footprint without expansion."
Now - March 2012 - Is the closing of one facility in Florida, just the beginning of the end of POWER?
This company can buyback shares under a 10b5-1 plan, meaning they establish ahead of time the days they purchase on the open market. Probably set to purchase on sales and earnings release days knowing the impact of ESRX. Would like think it should be public knowledge though.
Everyday Walgreens contributes to the bottom line at CVS. A train wreck for Walgreens investors, but great news for all else.
So glad I bought CVS in June. The market speaks and nobody at Walgreens listened. Can't believe the SP has held up to this point. When january sales are announced no amount of hyperbole will stop this stock dive. The only ones buying are those that believe a resolution with Esrx is inevitable and if Walgreens management really believes they will survive without Esrx, hopefully they survive long enough to prove it. IMHO - it isn't going to happen.
That is true, BUT he went back to the company after a few months and before his Dad left the board. Do not know if he is still there.
The Esrx deal was profitable, just not profitable enough. Yes, I have seen this company end contracts that were not profitable, but that isn't the case with Esrx. Walgreens just wants a bigger piece of this pie.