When will they issue or warning or miss EPS, if this banning of cigs is the reason, the CEO must go.
Why not turn it into a health food store? Will cost the firm $2 billion in annual revenues! Fire the CEO the stock is going to take a huge hit today. CVS is going to lose a lot of foot traffic and sales that go along with Cigs. FOOLS AND IDIOTS are in charge.
I thought the spinoff was suppose to add contracts not take them away....
The current management is wrecking this once wonderful company with risky financial practices. Borrowing money to pay dividends is nearly fraudulent. Didn't Madoff go to jail for that? Ripping off NYC with CityTime. Who is in charge of this company? After this split fails to achieve the results they claim they should all be FIRED.
Beyond higher leverage, a more aggressive capital deployment strategy toward dividends and stock repurchases, as well as pressure from US fiscal austerity on operating performance drove the rating change.
SAI now worth 5.45 market Cap. After the split will the two pieces be worth more or less? If less, the BOD should resign. SAI = 5.45n. After the split SAI + LDOS = ???
Lots of manipulators. Company is borrowing money to pay dividends. They want to split up the company then reverse the stock to jack up the price. It will not work and they are incompetents. Shamsters. Barely legal.
Not yet. The market value right now is 5billion for the company. After the split the share prices will nominally rise but keep an eye on the overall market value of the two companies combined and thusly the total value of your shares. I continue to believe the split does nothing to add value to the overall pie. I wonder if in 3-4 years if these companies will be competing against each other in the same marketplaces.
The 3 card monte game and street hustle is just beginning. Borrow, split, reverse ...this company is a joke.