Walgreens Boots Alliance Inc (WBA)

[big-yank]

A few items "missing in the conference call... an update on the accretion to earnings for the Duane Reade acquisition... a broken out report on Take Care clinics performance... results from the home infusion segment... online sales enhancement from the Drugstore.com acquisition... benefit to shareholders from customer-centric retailing initiative...an explanation for rising SGA beyond costs of A/B purchase... "blah, blah, blah"...

The Barclay's analyst really nailed it when she stated that the results were so convoluted and impossible to compare that most forward estimates were virtually meaningless. WAG shares touched a new 52 week high, this morning, but before euphoria sets in let's all remember that "the 36"s" used to be the BOTTOM of the WAG range, just a few years ago.

I have rarely encountered a major publically traded equity like Walgreens that spends SO much shareholders equity on acquisitions and diversified strategies, then gives NO accountable data on how those initiatives contributed anything to the investors that footed the bill. Strange. Very strange. Carl Icahn could do wonders for this enigma.