Walgreens Boots Alliance Inc (WBA)

[big-yank]

Citi's Deborah Weinswig disagrees with Jefferies prognosis. As for alleged achievement of cost savings, there was lots of similar chatter from the previous "Rewiring" initiative and, while claimed a success, the results just never showed up in SGA reported on the income statement.

I would not personally be shorting WAG at the moment because of the potential "flu euphoria" that could drive the S/P up through March or April. However, the quarterly metrics could cast a dimmer view on the logic of shorting. Remember... WAG has traded largely in a range, since its last split. $45 at the top, $25 at the trough. I don't see this changing unless new top operating exec's take the helm.

GLTA,

Yank