Walgreens Boots Alliance Inc (WBA)

[Robbay]

Operations, Risk Management and Dividends:

A answers to Milo's question about Valuation of 13x,
Thi answer is at your feet, who is the largest minority owner of Walgreens stocks that will be receiving these dividends.
If you think it is Alliance Boots/KKR you are on the right track.
Alliance boots may be a minority share holder, but it is in a position that can make changes to Wallgreens operational structure.
Wallgreens risk management systems have failed and this operations structure showed it with the Esrx loss, A Millionaire pharmacy Tech, and now with the DEA narcotics division.
This is in over Last year alone.

As to Yanks point on Buying out A/B this would have occurred
if they were able to get the Financing, which they where not able to fund with there Balance sheet.
If this merger does not go forward there is a penalty clause, which Walgreens will have to fund off of earnings.

A/B has a incentive for Walgreens to do well, However it also has a incentive for Walgreens to Default on the second step.
If you plan this out, Walgreens failed again in risk management..

Would either of you like to discuss a long term outlook on making money..

Regards