Value creation is best measured by share price..Lol..lol
So World com, AOL, RAD, Sears and hundreds of other stocks that once where high flyers are the standards In buying and selling of an equity..
Sorry, I look at opportunities in disrupting the cost curve for retail Rx distribution and so far Walgreens has not achieved this.
Yes, they have reduced staffing, cut employee benefits, refinanced debt, sold off Assets and made hundreds of Buyouts and mergers.
All of these have added to the bottom line some-what which has also decreased customer counts and has lead them to a position to buy larger and larger Firms for illusionary growth..
As I see it, making a pack with the Devil.
Well, the debt accumulated from these buy-outs comes with the revenue, and this debt will be increased by Billions of Dollars owed when the Alliance boots Merger is completed.
That is why Walgreens pulled its projected earnings forecast,
Servicing the AB debt after the second step requires more and more revenue as the Corporate Debt bubble is upon us.
Competition for new money will increase interest rates and drop less money to the bottom line unless a Tax(inversion) rate reduction occurs.
Read standard and poors Global debt wall, should you care.
Walgreens an iconic brand..? It once was.. when the Walgreens family ran it, now it is run by PR agencies, Financial magicians, bucket salesmans and legal counsels that have no accountability to its shareholders, whom think customer counts are not important while beer, wine, cig's, and now these same managers are planning for legalized pot sales, these are the future growth factors a Drug store needs?
Sorry I disagree, Should I choose to invest in Walgreens in the near future, It would be in buying their Corporate debt, After the Alliance Boots buyout..
Which will pay a healthy return..
Or short Walgreens after the 2nd step is completed.
GLTA!!
