They guided below The Street’s hopes. It’s because they announced going after fewer but better Medicare customers. The Street is adjusting.
Now remember that for 6+/- months we’ve known about CVS planning to shutter 900’ish stores. There will be 1-time expenses and revenues can only be made up inside of other business segments.
Let’s assume CVS knows best regarding what they are doing and The Street’s retail investors are reactionary and forgot.
If the PPS dips into the mid 90’s and a Ukrainian war and sanctions don’t ratchet up to stupid levels, any PPS in the mid $90’s is a buying opportunity.