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Post# of 114321
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bbotcs

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bbotcs

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Friday, 06/28/2024 3:50:56 PM

Friday, June 28, 2024 3:50:56 PM

Post# of 114321
Started a position in WBA at $12.10. The story goes that they are going to close up to 25 percent of their locations.
U can bet that they will close stores with high theft.
They are going to have a very rough year with high costs from the closings. Also, their economy of scale on merchandise purchases will diminish.
That being said, the stock seems to have bottomed.
Buying the stock is very risky, imo, but I believe Walgreens will be a going concern for years to come.
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