Walgreens Boots Alliance Inc (WBA)

[big-yank]

Hi, robb. That Bloomberg article was a real eye-opener. I actually did some DD on a Chinese pharmacy company touted by Red Chip awhile back and found some of the same pitfalls in that market as well.

When I read Wasson's bragodocio about the $ billion in integration savings after the AB deal, I kept telling myself that this is not going to be that easy to implement. I once worked for a company that bought two, major European competitors, then tried to merge and purge them; it was an unmitigated disaster that helped push a multi-billion dollar company into BK. A major component in that demise was the company's abject failure to discern and respect the cultural and legal differences that divide countries in Europe. A common currency does NOT create other commonalities.

GLTA,

Yank