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DewDiligence

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DewDiligence

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Re: rph_in_wi post# 62279

Sunday, 05/04/2008 11:25:28 PM

Sunday, May 04, 2008 11:25:28 PM

Post# of 257264
My guess is that CVS is scaling back on MinuteClinic expansion because the business has been dilutive to CVS’s EPS. Once opened, the clinics are presumably making decent money, but the pre-opening costs that cannot be capitalized have been pinching EPS by a few pennies per quarter. Regards, Dew

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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