Don't worry about it, look up how hedge funds work, they play the options and make money on the spread.
Think of dollar General a poorly run company without the Accounting issues.. which these accounting issues are not going away with hertz, so expect assets to be sold off as the spread goes up and down..
Asset will be shopped around and this is where the hedge funds will know the pricing direction..
Think of it this way, if the CEO was forced to resign Wade and Kermit would have received nothing except their pension so for being the fall guys for the 1 billion false reprenentation they walked out with millions..
Not the first time this has happened, and it will happen again and again..
Most of Walgreens largest Investors who now have losses in the 10's of Millions over the last few weeks are now calling for more share buybacks, perhaps because the current selling price is unsustainable without this intervention
This buyback call was reported by "The Street" today from a Email sent to them by Walgreens IR department.
Seeing as Walgreens has a noted history of not disclosing private investors discussions, this is out of caricature on how this company operates and caution should be noted that Walgreens now is feeling increased pressure from large investors that may start shorting this stock..
Investor confidence has been lost since the Latest corporate announcements and without a formal announcement increasing extra buybacks by this company... the nod and wink speak from this management IMO will no longer work with these large investors.
A recent Wallstreet Journal article disclosed a 1billion dollar short fall in projected earnings.
Walgreens CEO and BoD has not disclosed this in a SEC filing, yet choose to inform a select group of investors of this projection failure, SEC FD regulation would require all investors to be informed by a SEC filing which did not happen.
Walgreens has decided to shift this Monetary event (1billion shortfall) to a select few that will capitalize in trading on this information.
I cant wait for the SEC to investigate this action..
Hertz CEO will not be prepared in dealing with these activist investors..
I would think the CEO is on the phone as soon as these funds manager call telling that all is ok and how he is making changes that will unlock value in owning this company...
The fact is, Hertz CEO is a guppy in a hedged shark tank.
I been commenting over the last 3 years about Walgreens financially engineering the Books.
Numerous Investor assets have been sold off, including Walgreens HQ and its Core Wholesale Rx operation has been disassembled with these reduced expenses now booked into cash flow.
Drug Inflation is being Blamed for declining revenue, However what is not being said is the past ownership of its Wholesale operation inventory levels would have offset many Rx price increases.
Another factor catching up to Walgreens is the 90 day Rx conversions from 30 day billing, this advances earnings, the acceleration in booking earnings (1 90 day fill = 3 month of revenue) has been going on for over 3 years and it has eating up any growth estimates.
As for other accounting shenanigans they are there, this needs to be reviewed by Walgreens external Auditor, which won't happen..
Because Walgreens CEO and BoD were blindsided by their own inattention to running a Company..
How do you folks get paid for making up ID's and posting BS forecasts from companies you post about??
Sorry you have no credibility in understanding how stock price forecasts are made!!!
Give us investors a reason on your 75.00 call or go play in the mud..
As this poster wants to correct my posts, This poster failed to mention a 1billion dollar revenue forecasting error that Walgreens BoD and CEO are responsible for.
But they(BoD &CEO) are claiming they where blindsided... well I think they are not doing the jobs they are entrusted & paid for by Walgreens investors...
Time will tell if the Activist investors will price this stock for what they are worth...
What is the topic you are referencing ???
Walgreens going to 70 then to 100.00 or that now Walgreens is a international brand, sorry to inform you... it is not...
Yes its true,Walgreen is down on the corner with 2 key executives holding signs to the passing traffic reading unemployed need help!!!
Soon they will have a 3rd executive joining them. .LOL
Giving this CEO a pedicure or new hairstyle is not going to work on Todays Investors, so move on as the hedge funds have already bought positions that will show this King has no Clothes or financial support.
You can dance around this court of Investors as a jester if you wish, but the pricing trial, will show these earlier earning releases under SEC regulations was a farce.
The CEO will claim that he was Blindsided as it is the claim of another CEO(Wag)... this Walgreens connection is a board position that Hertz CEO is also chairman of there Audit Committee.. who just restated 1 billion of future projected earning is not going to happen.
Sentiment: Strong Sell