I suspect the recently announced rate increases in basic services will be a real drag on the company's revenues when customers go elsewhere. In spite of the recent advertising blitz there are other options for both the TV and internet service at much better prices. We'll see after the first of the year when it all takes effect. Time to sell I suspect.
Today I get a brochure telling me our combined subscription price is going up, but I can save a few bucks by paying for a year, or two, or three. Wonder if I'd get a refund in bankruptcy? Love the service, darn shame it's on the ropes. Think I'll stick with the monthly payment.
Could be. WAG has always been very conservative in their business expansion, avoiding debt as possible. But many other factors involved, ie leasing property/buildings vs owning, and CVS is geared a bit more toward the investor than WAG. I don't see any problems with either company, but I'm sure no expert.
I'd guess most companies would kill to have EPS of >$2.50 these days? Fire up that printer, hang this on the wall.
RAD hammered their own nails in the coffin some years ago. Should have declared and reorganized when the fraudulent accounting crap hit the fan. They'd be a strong performer at present, or until just recently.
Some time back I seem to recall an action proposed by Longs stock holders due to the per/share price being paid in the sale. Could be just now hitting the courts?
Takes guts to invest in the market. Buy low, sell high. Well, it's low right now. Print this out and hang it on the wall so you'll remember this next year about this time and wish you'd bought in. Solid company, no ticking bombs, good management, etc.
CVS shares, as Walgreens and others, are about 80% institution owned. Don't think anything posted on a message board as this one would have any effect on the stock price. We small time investors don't have much impact.
Wife has over 30 years at Revco, now CVS. Comes home every day exhausted, but happy since she's in the stock plan. Never seen so much Rx business as right now and the busy season is just starting. Front end is also pretty busy lately. She figures if Walmart's ploy has any effect it will be on the lowest margin drugs and might even give them a chance to get caught up in the pharmacy a bit since they are usually an hour behind. I was all over her to sell at $35 - but not a chance, she's in it for the long run and in position to know when business is growing, or not. We're obviously not market experts and have no recommendation for anyone else.
Please disregard the above, I see the company normally leases most of it's stores, the numbers are in the thousands, and RAD did realize a substantial gain from the arangement. That's what I get for scanning instead of studying.
Usually scan through these, saw something I though was very interesting, troubling. Page 69 near bottom of page:
"During fiscal 2005 the company sold the land and buildings on 36 owned stores to several outside entities. Proceeds from these sales totaled $94,151. The company entered into agreements to lease these stores back from the purchasers over minimum lease terms of 20 years."
Most leases have maintenance provisions for the occupier to keep it up. Seems like a real sweetheart deal for certain "outside entities."
I've seen this before, just before a company goes bankrupt. Anyone have any more info on this?
Bought at around four bucks last year. From what I saw I expected to see over 10 early this year after profit taking at year's end for tax purposes. Boy was I wrong. I'll go down with the ship I guess, but it hurts to admit my stupidity. Oh well....
Doubt it. See a WalGreens store, across the street see a RiteAid, on the other corner see a CVS. Might be a buy of the pharmacy records, can't imagine a merger.
Don't think so. Have to remember RiteAid was cooking the books. CVS is actually showing some real corp. responsibility in this move. They do have severe problems in staffing as do all drug stores these days. Most stores are cutting hours, no Sunday drug sales etc. Better to bite the bullet and protect the bottom line now. Still recall the Revco and Rite Aid fiascos. CVS stock price will go under 20 but will come back into favor in the new year I'm thinking.
Engineers, unlike garbage collectors and cops, have almost no job security. First to go out the door in hard times. They are certainly worth every penny they make these days. They only professionals more abused in their pay scale would probably be teachers.
Let's look at market capitalization. Cisco has 7,000,000,000 outstanding shares. That's seven billion folks. Consider IBM at 1.7 b and GM at 1.4 billion shares on the market. GM at 45 dollars a share figures out to about 63 billion dollars which works out to about 9 bucks a share for Cisco. Which company has more meat in the freezer? Remember when Cisco was at 60? Talk about "Irrational Exuberance".