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Walgreen Co. Message Board

robbsbeach 453 posts  |  Last Activity: 9 hours ago Member since: May 22, 2008
  • Reply to

    Theranos

    by lurker47 Aug 25, 2014 4:36 PM
    robbsbeach robbsbeach Aug 25, 2014 5:52 PM Flag

    So you think Theranos is a strong buy???, but Walgreens instead chose to invest into AmeriSource Bergan, the Drug Wholesaler.
    Are you thinking that a pharmacist can interpret Theranos lab results, with-0ut a MD license and then offer medical advice to a pharmacy customer??
    Or that a ill person walks into Walgreens and has the Pharmacist order lab Tests?? Yea ok, your meds are in the mail...lol

    And 1 billion dollars in prescriptions payment reductions are the former CFO fault..Hehe

    GLTA!!!

  • The Vanguard Group, Inc. check this company out they are the patsy's owning this dog..

  • Accounting issues might even bring this lower to $22.00

  • With Walgreens problems this stock will soon see $55.00 if not lower!

  • Reply to

    Wag the dog?

    by ggray1956 Aug 25, 2014 11:59 AM
    robbsbeach robbsbeach Aug 25, 2014 1:38 PM Flag

    Had you followed Walgreens business units Assets sales over the last 4 years, you would not be asking that question.
    Walgreens business model will be struggling for several years as Rx revenue margins are shrinking, it's pharmacist expense is increasing and it convenience store format is loosing customers.
    A Alliance Boots executive and KKR are the largest stockholders, and Walgreens resigned it's CFO last week.
    Walgreens Co. will soon be a subsidiary of a new company WBA holding Corporation, and the largest Instutional investors were burnt on believing a tax savings income boast thru Inversion would occur.
    Lastly... 1 billion dollars of operational expense needs to be cut as they complete the AB merger in order to hold its BBB Credit rating with Moody's..
    In short, management failed and is still in place

    GLTA!!

  • Financial Instructor Carl Icahn recently gave Hertz a driving test in Accounting steerage.
    These test results from Hertz CEO has recently been reported to the SEC that its internal procedures were Lacking a brake, Steering Wheel, and accelerator pedal, and therefore it is unable to continue its financial earnings without restating them over the last 3 years.

    The problem seems to point to the lease accounting engine that drive this vehicle.
    Hertz CEO driver confusioned a Capital lease or Operating lease how it is to be used in reporting this Co. financial Information to public investors..
    NYC financial Instructor Icahn has put out a red stop sign on Hertz and called for a new operating CEO driver , and asked for accountability of this companies directors for allowing a unsafe driver, on the financial interstate Highway.
    The SEC again..... is asleep at the wheel...
    GLTA!

  • Walgreens CEO has painted a target for Large Investors... in cutting operational costs by 1 billion Dollars.
    Well the majority of non Institutional holders have no clue what these are, except a select few were told.
    This top down approach includes counting the sheets of Toilet paper used in all 8,200 retail bathroom,
    store employee costs, as well as Walgreens management departments.
    There has been no announcements on executive pay reductions or suspensions on self awarded stock options to date.

    In setting up Walgreens Boots Alliance as a Holding Company ,stockholders of Walgreens Co. will surrender all outstanding shares into this new Holding Structured corporation, WBA.
    This will Further distance these few self-elected Executives from accountability to investors, by creating 4 separate operational divisions, this is a 3 card Monte trick in why Walgreens. Co needs a new structure.
    Unlike a fine Swiss watch, Walgreens.Co has decided name branding was more important than Investor accountability, as it will soon become a HOLDING Company lead by Walgreens CEO.

    With the announced 1 billion error in revenue projections, without a shareholder vote in management confidence, , Walgreens. Co and its management has decided this is the best option for keeping it current executives positions in place, regardless of Stock holders concerns.
    Walgreens P/E multiple be dammed!

    GLTA!!!

  • Reply to

    Walgreens BOD and CEO fire Computor

    by robbsbeach Aug 22, 2014 2:47 PM
    robbsbeach robbsbeach Aug 22, 2014 6:14 PM Flag

    Just look at the Walgreens Directors spot...
    Hertz CEO, Mark Fissora, involved in a accounting SEC filing that states earning are not to be trusted., he is the Chairman of Walgreens finance committee
    Bob Even's farms CEO under fire to resign over bobEvans earnings.
    Mc Dee's former CEO, Chairman of Walgreens BoD who's choice in leadership at MCD is involved with tainted food sales.
    Alan McNalley, the man who selected Walgreens current CEO, and former chairman of Walgreens BoD until the ESRX failure blew up.

    GLTA!!!

  • Reply to

    Walgreens BOD and CEO fire Computor

    by robbsbeach Aug 22, 2014 2:47 PM
    robbsbeach robbsbeach Aug 22, 2014 4:42 PM Flag

    cent4good
    Walgreens CEO is a Chicago cow tipper, who enjoys the money and prestige of being a CEO.
    This shows in how this companies BoD has allowed and agreed to the selling off of Walgreens key assets.

    Even considering a Inversion shows the lack of judgement/ knowledge in running this Corporation that could come under national security review by the USA government..
    Why, you may ask? how about the age/ medical demographics of a superpower that could be exploited in a military conflict.
    Geez.... Even Alliance Boots understand this issue

    Driving profits and sales and building a business requires a person who has had hands-on work/ life experience that understands the needs of its customers economics and medical issues ..
    This is not the profile of Walgreens CEO who sold a PBM, that he was in charge of. and then agreed to disassemble its Wholesale RX business based on a Chicken farmers CFO advice..
    I'm sorry to inform you, money or a team of MBA's will not fix this problem, this involves understanding Healthcare access cost issues on a global basis..

    GLTA!!!


    e

    Sentiment: Sell

  • In Walgreens haste to cut 1 billion is costs, Walgreens BOD and CEO decide to fire its computer system..
    Well ,they where caught off guard when Walgreens 8,200 stores where unable to provide customer services until they reversed this action.
    LOLOL

    GLTA!!!

    Sentiment: Sell

  • Reply to

    Mention Share Buyback

    by robbsbeach Aug 22, 2014 11:38 AM
    robbsbeach robbsbeach Aug 22, 2014 1:08 PM Flag

    afterhours sell off coming

  • robbsbeach robbsbeach Aug 22, 2014 11:42 AM Flag

    The price increase is from the Carl Icahn effect, this will die down from the coat tail hedge funds that follow Carl, this is not the time to buy as Carl said this CEO needs to Go and the Board need some serious changes..

    Sentiment: Sell

  • robbsbeach by robbsbeach Aug 22, 2014 11:38 AM Flag

    And todays selling price is rising, against a 1 billion dollar estimated forward earnings shortfall,
    is there something Mr. Market Knows...oh yes, lets boast the price and get out of these holdings as soon as possible because Walgreens will be buying... LOL
    Vanguard Investment funds lost over 1 billion dollars on holding Walgreens, I doubt they will be buying more anytime soon.

    GLTA!!!

  • Reply to

    Why the ofter hours jump?

    by twhit15 Aug 21, 2014 6:23 PM
    robbsbeach robbsbeach Aug 22, 2014 10:14 AM Flag

    Lease accounting is the key to unwrap THE ACCOUNTING ISSUES..
    How Hertz booked its leases (Capital or Operating leases) form 2011 to today is what will come out in its restatement of earnings.
    Seeing as Hertz already stated at least one material weakness" was present in the company's internal financial-reporting controls, and that disclosure procedures and controls were ineffective at the conclusion of last year this means reported earnings/debt were manipulated.
    With the sale of its equipment business you can rest assured income is less that reported.

    Over the long term(next few months) a P/E of 39-42 can not hold based on false reported income.
    Should the SEC step in, I'd expect you to see the low of 19.00 to 22.00.

    GLTA!!

    Sentiment: Sell

  • robbsbeach robbsbeach Aug 22, 2014 8:05 AM Flag

    A interesting note in "The Streets" article was one hedge funds view on how Walgreens could grow its front end store business by selling more Beer and food products.
    Walgreens has been doing this for the last 5 years, so perhaps a Quicky grocery store with in and out birthing clinics are included in Walgreens next buyback chapter.
    LOL

  • Reply to

    Why the ofter hours jump?

    by twhit15 Aug 21, 2014 6:23 PM
    robbsbeach robbsbeach Aug 21, 2014 6:52 PM Flag

    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..

    GLTA!!!

  • Reply to

    cc43578 Misses 1 Billion Forcast Error

    by robbsbeach Aug 20, 2014 1:56 PM
    robbsbeach robbsbeach Aug 21, 2014 6:05 PM Flag

    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..

  • Reply to

    cc43578 Misses 1 Billion Forcast Error

    by robbsbeach Aug 20, 2014 1:56 PM
    robbsbeach robbsbeach Aug 21, 2014 5:13 PM Flag

    LOL..
    Well I think we can call this Hush money..
    LOL

  • 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.

  • robbsbeach robbsbeach Aug 21, 2014 12:44 PM Flag

    Agreed, and a special shareholder meeting needs to be called!!

WAG
59.04-0.23(-0.39%)Oct 1 4:01 PMEDT

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