Jana major $holdings in Wag was a Pre-Inversion Paris news report...No one knew. at least I didn't know that Jana was holding Walgreens prior to the Paris meeting about Inversion article.
Yes, Jana Partners upped their ownership by 77 million dollars to cost average down, one would expect this from a professional trader as Walgreens price dropped to $58.00, prior to this latest buy, Jana owned a billion dollar position..
Jana was/is involved to unlock money, they are not long term investing and with Walgreens not doing the Tax inversion 10 billion estimated was lost on whisper earning projections.
Modeling forward revenue projections is not rocket science., and Walgreens can't increase the selling price of skittles 4x the going market rate and stay in business. So you are up against a industry projection based on GDP/global growth with other data added run by the reorganized/current managers...
As I have said Walgreens booked all the cream in AB earnings without the expensing of AB Debt(financial engineering.)
As big.yank said he got In and Out before Walgreens price fell. I would ask him if he modeled the risk valuation going In/Out. based on Inversion rumors against public pushback in making his decision to sell or is he just the luckiest guy in the room..
GLTA!!
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