PBM/NO PBM, who cares? It makes no strategic difference when you have no idea of how to run a retail pharmacy business in the first place.
Walgreens: vote NO.
CVS: vote NO.
Both these sickly companies are drags on a prudent investor's financial health. Steer clear. These companies are LOSERS with terrible management and a horrendous track record of buying companies that never deliver any benefit to shareholders. Losers like Duane Reade and Longs Drug, and countless other wastes of shareholders equity.
These are indisputable FACTS!
Both Walgreens and CVS are set to deliver horrible investor returns in 2013. Both these dogs have underperformed the S&P, Dow and healthcare sector for ages.
That is because better Rx players like Walmart, BJ's, Costco, HEB, Kroger and even lowly Rite Aid are cleaning their pathetic clocks.
Only an idiot would invest in either LOSER!