InvestorsHub Logo
Followers 0
Posts 5082
Boards Moderated 0
Alias Born 08/26/2012

Re: Robbay post# 126

Sunday, 09/09/2012 12:40:10 PM

Sunday, September 09, 2012 12:40:10 PM

Post# of 3162
My target buy-in is $31.50 but only after/if I am satisfied with the outlook for the merged entity as projected in the C/C. I will not take a position of over 5k shares, to start.

I agreed with Citi's "sell" recommendation but I think Weinswig's $27 target is now just too extreme to be credible unless there is more bad news to come, which I doubt. I think her # included the potential, upcoming loss of MHS Rx volume which actually exceeded ESRX's, which is now off the table (unless there is other "hidden" PR like the Tri-Care surprise). Had WAG & ESRX not settled and MHS volume was further lost, I think her number was only a tad lower than I would have projected. Integration of WAG and A/B is not likely to be easy, and as Weinswig pointed out, Walgreens has zero experience navigating a global merger this large and this complex.

I hope you are correct with your prediction on Wasson's possible exit; just remember that there are two, other members of The Liar's Poker Team... Wade and Kermit.

Nice post from you. Thanks!

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent WBA News