Walgreens Boots Alliance Inc (WBA)

[Robbay]

Cash is Waiting:

Walgreens board of Director recently appointed a New Chairman for the Board, this was Clearly a sign of Change in Accountability and Direction for this Corporation, however little else in Corporate earnings and Managements direction has changed.
The Stock price keeps going lower and stockholder earning projections are pushed out to 2014-2015 or longer.
This is not a complicated retail business for many of us investors.
The recent leveraging of Walgreens assets has put its stockholder at risk with the taxable income and reimbursement issues States and federal payors are faced with,(60% of Walgreens earnings), we Also know that Private Rx payers will not continue to finance Walgreens long tem Debt based upon Sushi, big flats and Nail salons buildout revenue follies..

The Alliance Boots joint venture was based on A/B getting a higher revenue from Rx prices to pay off the debt load from the 6 billion Walgreens borrowed and spent from shareholder equity, currently the outlook on European revenue is in decline and will be a drag on this years earning, so its time to rewire this management structure or look to a lower dividend in the future..
Rite Aid made this same play and look where they are today..

GLTA!!!

Regards..