Walgreens Boots Alliance Inc (WBA)

[Robbay]

Currency Risks in Foreign exchange rates.

As the 3 biggest Rx Wholesale Companies are taking revenue generating positions abroad there is the risk of the exchange rates becoming unfavorable to forward projected assumptions.
Effecting Borrowing rates. lines of credit ..Ect.

As RAD and CVS have no ownership position in there Wholesale Agreements, the level in uncertainty in free cash flow from Foreign exchange rates is reduced, as a level in uncertainty is increased with more foreign investment exposure.

Free cash flow for the Retail Drug stores has become the issue as we have seen CVS, WAG and RAD sell real-estate or change it wholesale distribution models.

This is where we are: a NY banker said today that the history of corporate and Government earning are misleading
And believing in a stocks P/E should be discarded, and investors should focus on free cash flow.