Walgreens Boots Alliance Inc (WBA)

[Robbay]

Walgreens last Dance with America:

Walgreens CEO Greg Wassin was very coy with investment analysts when asked about leaving the United States an re-incorporating Walgreens Co in the land of lederhosen and secret bank accounts.

Barrons June 24,2014
“We are looking at all and everything,” Wasson told analysts and investors this morning on Walgreen’s fiscal third quarter earnings call, which lasted more than an hour. “That’s complex stuff as we look through this.”

Among the things Wasson and his management team are looking at is “what our tax structure will be” as well as the combined entity’s cost structure, balance sheet and certain management
costs".

Wassin said Wallstreet investors will have to wait until the end of July to mid August for this announcement.

Not surprising in the Announcement is Walgreens is pulling down its 2016 financial goals, as one of its Board of Directors and chairman of Walgreens finance committee was unable to release his own companies (hertz) financials to the Investment communities.

Walgreens stock price is dependent on this current selling price,
So, if you are in doubt as to the inversion question, just look at Walgreens financial numbers then add in the tax savings from leaving America and will find your answer in how it intends to improve its continued missed financial projections.
It was no mistake that a senior US senator commented on Walgreens move so the inversion paper work perhaps is being reviewed.

Glta!!