Walgreens Boots Alliance Inc (WBA)

[Robbay]

17.6-20.00 Billion in Debt Coming,

Sharpen the pencils and someone please get a mop to clean up the mess on the floor.
Walgreens former CFO booked 45% of alliance boots earnings(equity) without debt, in the 55% of earning without booking debt this Debt will now have to be carried, this does change the financials a bit.

Stefano Pessina, The largest shareholder in Walgreens Boots Alliance, was disappointed in the downward projection of these 2 companies. It appears someone took their eyes off of the financial projections and concentrated on a inversion merger instead of growing revenue and margins.. and then he announced a 1 billion cut in SG&A..

The issue I am bringing up is Walgreens Alliance boots Credit rating after the merger is Completed, this is a strong headwind as the Tax inversion was taken off the table and growth projection may be flat or below estimates going into 2016 if restructuring is not completed.

144.3 million shares will also be issued to complete this merger so dilution Is a factor in the forward selling price.. One investor in a after hours trade Friday sold off over 5 million shares and the selling price still went down.

I don't believe there is a lock-up on these 144 million shares, so I expect the Volatility will remain until the Credit underwriters weigh in.

ROTFLOL... Huh

GLTA!