Walgreens Boots Alliance Inc (WBA)

[big-yank]

Hey, I like your new ID! For us in New England, anything "wicked" is really good!

I'm still not sure about the major PBM position, based now largely on the variable outcome of the election and the future or possible demise of Obamacare. However, I certainly will grant you that comping CVS with MHS when they bought Caremark would have made a lot more sense than buying Duane Reade or Alliance/Boots, unless there is some new strategy to be unveiled in the next C/C.

It truly amazes me that Walgreens has gotten a free ride, so far, after committing to spend what, $45 billion on A/B with no announced rationale for investing so much shareholder equity. Their S/P has, so far, just ridden the coattails of the fence-mending with ESRX which, as you note, is like the second inning in the PBM reimbursement home run derby.

Are you still short oil? I suspect that the Iran/Israel confrontation is nearing.