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Walgreen Co. Message Board

robbsbeach 267 posts  |  Last Activity: Aug 26, 2014 2:26 PM Member since: May 22, 2008
  • 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!!

  • 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..

  • 3.4 days to cover short interest, however trading volume showing sellers are in doubt of a 1 billion dollar projection error.

  • robbsbeach robbsbeach Aug 21, 2014 9:04 AM Flag

    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.

    GLTA!!

  • robbsbeach robbsbeach Aug 20, 2014 8:39 PM Flag

    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..

    GLTA!!!

  • Reply to

    cc43578 Misses 1 Billion Forcast Error

    by robbsbeach Aug 20, 2014 1:56 PM
    robbsbeach robbsbeach Aug 20, 2014 3:22 PM Flag

    Excellent question ...

  • Reply to

    Walgreens $1 billion forecasting error : WSJ

    by robbsbeach Aug 20, 2014 12:30 PM
    robbsbeach robbsbeach Aug 20, 2014 3:11 PM Flag

    Geez Walgreens didn't question 1 billion dollars in new revenue..lol

  • Reply to

    Someone Thinks Walgreen Stock Will Be ^^^

    by midnight_croupier Aug 20, 2014 2:50 PM
    robbsbeach robbsbeach Aug 20, 2014 3:10 PM Flag

    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..

    LOL

WAG
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