Replies to post #2893 on Walgreens Boots Alliance Inc (WBA)

[Prudent Capitalist]

Great quarter thanks to the U.S. It remains clear that what dragged down WBA's share price and continues to hold it back is Europe, primarily the UK, and Brexit has also negatively impacted things. In hindsight, WAG probably should not have let Stephano Pessina lure them into the Boots merger and combination. That having been said, in time WBA should ultimately return to its more normal trading range in the $60 - $80 area.

[Prudent Capitalist]

In addition to weakness in the U.K., WBA management noted that the lack of travel in the US, in particular to large cities, is negatively impacting revenue, although the increase in the revenue side was a positive.

[Prudent Capitalist]

+9% today and WBA and BA are fueling the DOW's rise. I do not see any specific news, but suspect it may have something to do with the distribution and administering of the Vaccine when it comes out.