Of course, that's what you have been looking for all along. A reason for WAG's price to sag and leave you feeling a little better about missing the move from $30 to $70. There is nothing to stop WAG from changing their mind in a few months and inverting anyway. This will quiet the campaigning politicians for a while, and perhaps reduces the chance legislation will be passed any time soon.
You have been listening to extremists and politicians. Inversion does not change their tax status on U.S. operations. They continue to pay the same taxes. They just won't pay the U.S. for earnings on their European acquisition. Boots does their business in mostly in Europe, and a little in Asia. Why should Walgreens pay taxes to the U.S. for the business done overseas, which will be taxed in Switzerland?
Maybe they didn't cover that ground in their announcement because it is irrelevant. In less than a year Walgreens and Alliance Boots will be one company.
No, everyone else will not pay more, the government will just go deeper in debt. Business as usual.
why would you say that? I think replacing Wade with Tim McLevish is a positive for Walgreens. Tim is a great choice to lead Walgreens international expansion. No knock on Wade. He did his time and was a good CFO. It's time to move on. It's not as if the CFO resigned under controversial circumstances.
Ralph Nader's opinion is of no particular interest to me. He has been right about some things over the years and he has been wrong about others. I give him credit for his criticism of the auto industry in the 1960's. I don't think he had all the facts straight then either, but his efforts did lead to safer automobiles and I applaud that. He has always been a "darling" of the press and has been widely quoted over the years. There are some who think he is always right. Mr. Nader is 80 years old today and still willing to express an opinion about anything controversial. It's his right. He has always taken issue with big business. It's not surprising that he would speak out on the issue of inversion but his is just one of many opinions, pro and con, and deserves no more respect than yours and mine.
Actually I sold about half my WAG in June. Still holding a good bit. I believe the stock will do OK going forward but I have other holdings I'm more excited about. I think Boots will do fine, as the Russian sanctions are temporary and Boots has done fairly well in a weak European economy the last several years. My top holdings right now are SKX, CALM, SBNY, TRN and YY. Those are fairly risky holdings with all the talk about a correction looming, but they have been strong and I can stay long comfortably through a small correction.
Now you're just being a jerk. It is very common to close some stores after acquiring a competitor (like Super D). There will be stores overlapping a geographical area and it's far more efficient to fill 500 scripts at one store, than 250 scripts each at two stores. I once worked for Super D and in Memphis Super D and Walgreens were often within a city block of one another. CVS has a long history of that type of maneuver as their growth has been mostly through acquisition while Walgreens growth has been mostly organic over the years. It's only in the last few years Walgreen has become more active in the acquisition arena. When you make such ignorant remarks, it makes it clear that you will do anything to run down Walgreens. Your history of posting on this board has been 99% negative for years. It has nothing to do with Walgreens giving consideration to conversion. You just find the conversion topic an easy way to attack the company. You always end your posts with that very insincere "GLTA". You're a phony!
beach, I am a veteran and a patriot. I am not an isolationist. I believe we are all citizens of the world and that our duties lie far beyond the continental 48. I have lived in several European communities for extended periods of time, including Andermatt and Lucerne, Switzerland (Shcweiz). I found the citizens of Schweiz to be generally prosperous and happy.
James Skinner, Retired Vice Chairman and CEO, McDonalds Corp. Gregory Wasson, President and CEO, Walgreen Co. Janice Babiak, Retired Managing Partner, Ernst & Young LLP, David Brailer, MD, Chairman, Health Evolution Partners. Steven Davis, Charmain and CEO, Bob Evans Farms, Inc. William Foote, Retired Chairman of the Board and CEO, USG Corp. Mark Frissora, Chairman and CEO Hertz Global Holdings, Inc and the Hertz Corp. Ginger L Graham President and CEO, Two Trees Consulting, Alan McNally,Retired Chairman and CEO, Harris Financial Corporation. Dominic Murphy, Partner Kohlberg Kravis Roberts & Co, Stefano Pessina, Executive Chairman, Alliance Boots GmbH, Nancy Schlichting, CEO Henry Ford Health System. Alejandro Silva, Chairman and CEO, Evans Food Group, Inc.
There you have it, a complete listing of the Walgreens Board of Directors. The combined knowledge and wisdom of which falls short of that provided by robbsbeach. Perhaps it would be a good time for robbsbeach to share with us exactly what his credentials are.
of posters on this board pro and con inversion, and likewise consider the remarks and lack of honesty on the part of politicians from state governments, the congress and even the president I can only conclude that Walgreen will and should go forward with plans for inversion. The most influential voice out there is that of the silent majority.
beach, if Walgreens borrows money to expand Boots, then the president has the power to disallow tax deductions on interest paid, and I think he should do so. I don't believe that scenario automatically follows inversion. That's one place where you and I differ.
That's correct sir. The U.S. government will have to come to terms with having to compete globally. They risk a continually eroding tax base and there is no legislating their way out of it. Compete or lose out!