Stockholders ONLY! Maybe big.yank can get a kitchen job refilling the hors d'oeuvres and hear what is going on via one of the big screens in the lobby! LOL! LOL! LOL!
"Reveal NOTHING on this message board."
Good advice but it is so amusing to see the multi-ID poster big.yank AKA robbsbeach AKA cmxgen AKA idiot_jc and who knows what else flailing around speculating, but NOT knowing what is going on inside! LOL! LOL! LOL!
That's the story in my store where we have a strong net gain in customers and have picked up many independent pharmacy customers tired of poor service and a gift shop atmosphere. We have switched virtually everyone who had Express Scrips as their pbm and the front end has been strong too!
He should have gotten a much larger pay increase for the great job he has done controlling expenses while at the same time increasing sales! REWIRE is a HUGE success and all of his carefully laid plans are clicking along perfectly. It shows you what a Purdue graduate can do and tells me that membership on the Walgreen BOD should be determined by if they graduated from Purdue or not. JMHO from someone on the inside who knows what is really going on instead of ignorant boobs like firstname.lastname@example.org@k and ro**sbea@h who are inarticulate losers and who are just standing on the outside trying to look in. They are on fixed incomes (fixed at no money coming in) and think that 36% sounds like a lot.
Nice try Yank but walmart is also less than it was in 1999! $58.89 was the price then, IT IS LESS NOW!
LOL! LOL! LOL! LOL! LOL! LOL!
"WOW, Kevin left in 2009 for personal reasons"
WOW, Kevin came back in LESS THAN A YEAR for "personal reasons" and is a Senior Vice President at the current time. Kevin is smart, hard working, likable and well connected, but he didn't have the stomach for the down-sizing that occurred when the non-essential and under performing FAT was cut. It was and is necessary, but you need someone like Fred Canning who is tough enough to do what was necessary and Kevin is just too nice. That's why Wasson leapfrogged over him and is the current President and CEO.
One stock that has not participated in the rally of the last three days, due to a snag in a long-term contract renewal, is Walgreens (WAG). Given its low valuation, a solid earnings report and good long-term growth prospects, I would use the recent sell-off to build a position in this blue chip company.
9 reasons to buy Walgreens at under $34 a share:
1) Walgreens has fallen back to a level where it has solid technical support.
2)The stock has fallen 20% since news of the contract snag with Express Scripts hit the wires. Walgreens recently had same challenge with the contract with CVS Caremark, but that was eventually resolved. This contract snag should also be resolved before the contract expires at the end of the year.
3)WAG is selling near the bottom of its five-year valuation range based on P/B, P/E, P/S and P/CF.
4)Walgreens yields a respectable 2.5%. More importantly, it has raised its dividend payout by an impressive 22% annually over the past five years.
5)Walgreens forward P/E is less than 12, which is a 25% discount to its five-year average.
6)The contract dispute overshadowed a very positive quarterly earnings report where Walgreen’s beat estimates on EPS, same store sales, and revenue growth.
7)WAG has a strong A rated balance sheet and is now selling at under 8 times operating cash flow.
8)Walgreens is priced under analysts’ price targets. Credit Suisse has a price target on WAG of $42 a share and the median analyst price target on Walgreens is $45.
9)Big.yank using his abundance of IDs is telling you to sell and we all know he is a financial blundering moron! When he says sell you should BUY and when he says buy you should sell! LOL!
It's ON SALE and it won't stay that way! Great sales, great profits, NO DEBT and the stock price is unbelievably LOW!
Cramer says BUY, BUY, BUY!
Leave it to Robbsbeach to screw things up!
"Gregory Wasson, Walgreens' President, said, "Our Rewiring effort is finding ways for Walgreens to be more effective and efficient so that our growth strategy can move forward"
In its entirety, Rewiring for Growth targets $1 billion in annual savings by fiscal 2011. The company will achieve savings through: strategic sourcing on indirect spend (all goods not for resale), reduction in overhead and labor,
and the POWER project, which is designed to enhance patient-pharmacist interaction while reducing costs.
Walgreens expects to incur costs of $300-$400 million over FY09 and FY10 as it implements Rewiring for Growth. 50% of the project’s benefits are expected to accrue beginning in FY10, with the full $1 billion in targeted annual savings beginning in FY11."
YOU stand corrected!
You are correct in this regard though:
"Walgreens has met or beat every quarter this fiscal year and the analysts are predicting 55 cents for this quarter but I think there will be a SURPRISE TO THE UPSIDE with 59 cents not out of the question!"
"Walgreens Fires Diabetic Employee for Eating Potato Chips
18 year employee experiencing low blood sugar."
Too bad Yank didn't pay for them first, too bad Yank didn't eat them in the break room rather than at register #1, too bad he can't spell potato and too bad he is so overweight that he has to eat constantly to keep his blood sugar up! Another justifiable firing!
"Come rob us, we are unarmed."
Hey Wyatt Earp, you're either IGNORANT or you just like to bash Walgreens, the greatest drugstore chain on earth, but FYI Federal OSHA regulations forbid employers from letting employees carry guns with them in the workplace. Your beef is with the Federal Government LAW, NOT Walgreens! Next time BEFORE you post try and educate yourself on the subject being discussed or else you will be mistaken for an IDIOT! Fire him then send him to JAIL for endangering other employees and customers! JMHO!
"Showcasing Wall Street NY store" It looked GREAT!!
"Nothing unique" for Walgreens but light years ahead of CVS!
"All a copy of CVS model" If they were to copy a CVS store they would have to truck in a dump truck load of dirt, get rid of 1/2 of the regular merchandise and all of the ad merchandise and hire street people to work there! THEN it would be "a copy of CVS model".
LOL LOL LOL LOL LOL LOL
Walgreens (www.walgreens.com) is the nation's largest drugstore chain with fiscal 2010 sales of $67 billion. The company operates 7,742 drugstores in all 50 states, the District of Columbia and Puerto Rico. Each day, Walgreens provides nearly 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. Take Care Health Systems is a Walgreens subsidiary that is the largest and most comprehensive manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the country.
GREAT article which should be read by those who have NO KNOWLEDGE of what is really going on behind the scenes between Walgreen and Express Scripts, but post their ignorant speculations daily! Walgreens will WIN like they ALWAYS DO and envious alleged independent druggists or foolish camera clerks will fill their diapers AGAIN! ROTFLMAO!
"there is some speculation that the FTC may be a roadblock to this deal, which is predicated on cost-savings, I think that it probably goes through, with a early to mid-2012 close. With that said, the reaction of the stocks is puzzling to me. The spread between the buy price and the current price of MHS is very wide, implying a 12% return to the close and suggesting the deal MIGHT NOT go through."
"My take is that ESRX is a SELL here."
"Before the MHS deal, my antennae was already up. I felt as if the dispute with Walgreen's (WAG) was a signal that the future isn't so bright. For those not familiar with the PBM industry, it is about to have its best year ever in 2012 due to a massive wave of new generics, but growth beyond next year could be challenged. Already, the number of lives that these companies serve has stalled as have revenues. The key metric of EBITDA per prescription is facing challenges due to mail penetration and generic switching having slowed after years of great success. ESRX is attempting to squeeze WAG in my view in order to prop up this metric going forward. As an aside, with the FTC scrutiny ahead, I expect this dispute to be RESOLVED FAVORABLY FOR WAG."
"Analysts are looking for Estimated 2011 Q3 Earnings EPS: $0.62 but I think we will get 63 cents."
Too conservative! I think 65 cents is very possible.
Poor *##* like "you-know-who" will be forced to sit on the sidelines and star, but NOT reap the benefits of being a Wag long! We will think of him while we count our money and then LAUGH UPROARIOUSLY! LOL!