Walgreens Boots Alliance Inc (WBA)

[big-yank]

Well stated, robb. Thanks for your comments.

I think we all do agree on the macro side of healthcare growth and dynamic change likelihood. The growing cadre of baby-boomers entering their senior years all but assures this.

For many years Walgreens was my single largest holding. I owned a huge chunck of WAG for about 13 years and made very little on it... and far less than I made on other investments during that same period. WAG remains a huge % of my family's holdings, so I am not anti-WAG, just very skeptical of any long term buy-and-hold position since much higher divvy opportunities clearly are out there.

My big objection to current top management is a seeming lack of accountability for the billions of shareholder dollars invested in major M&A adventures that have NEVER been specifically accounted for in any meaningful way. The share price today is WAY below what I sold my shares for in disgust, many years ago. I hung in there for years, waiting for the promised fruit from home infusion, clinics, multitudinous retail acquisitions and so forth.

Based on the enormity of the Alliance-Boots deal, even just the first tranch of same, I want to see some accretion to earnings and revenue, commensurate with the size of the investment and additional debt. Will this occur in the next quarter's report? We will soon see. If not, I think Skinner has the fiduciary responsibility to shareholders to make some meaningful changes.

Enough said.

GLTA,

Yank