Thursday, June 12, 2014 8:07:45 AM
Prudent has a point, I don't trust Large companies to do the right thing... unless their feet are held to the Fire.
And I did miss Walgreens run up to the present level, when I sold last year.
As for my current view I DO believe Walgreens engages in Financial engineering and has used these tricks as they have sold off a large number of asset in the last 2 years.
With the Hertz news Walgreens also uses leased based accounting and the Director of Walgreens Finance Committee is a very important position that the CFO is accountable to.
I have a feeling his view and influence at Walgreens Co may have shaded how financial reports are constructed.
As Hertz still has not reported earnings there problems are much deeper than UNCOUPLING a couple of reported earnings mistakes..
Thanks for your input on Alliance Boots and Walgreens, as we main street investors do not have the teams of financial experts reviewing when to buy or sell a Stock it is up to a few to discuss these issues.
I enjoyed your post.
GLTA!!!
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