Walgreens Boots Alliance Inc (WBA)

[Robbay]

Thanks for providing the link.

I still don't see how Walgreens and Alliance Boots will grow to 135 Billion by 2016..

I understand the projected saving synergies of reducing Exec management operational costs, operational locations, lowering drug purchasing cost, etc.

But revenue Growth projections are not defined with any trackable metric.
I understand Mr. Pessina wants to expand the #7 line of cosmetic's in the U.S. market, but this growth has not occurred even though these products are in the U.S. market with other retailers.(Target).

What I had read is Alliance Boots 2013 income statement.. total sales Declined Last year, but profits grew.

Walgreens sales grew but that was the result of 3 or 4 additional M&A's and Rx file buy-outs also accounting for Alliance Boots as a 45% equity investment.
Growth rates can not go on forever!!!
Even China is seeing this.

Again I'm looking at a reduction in free Cash Flow at Walgreens as well as a increasing accounts receivable book.
Put this up against a decrease in easy US money borrowing costs..
And I am thinking interest rate borrowing costs will increase.
reducing available capital for growth expansion.

I also believe Wade stated that estimated sales growth projections where below target.
I will look for this comment.

GLTA!