Replies to post #3102 on Walgreens Boots Alliance Inc (WBA)

[Prudent Capitalist]

The recent drop in WBA's share price is due to the staggering $642 Million Arbitration award to Humana. On Friday Walgreens filed a Motion in federal court to have the award vacated, calling the pricing dispute with Humana Health Plans and the resulting arbitration award a "miscarriage of justice." The basis of WBA's request to vacate the award is its position that the Arbitrator "rewrote" its contracts with Humana, and that he used a flawed model to assess and award damages. Arbitration is always subject to challenge in federal court, and Arbitrators are strictly prohibited from going beyond the bounds and precise language of the contract(s) at issue. But this was the reason for the drop in share price the past few days. WBA +2.04% today

[leftovers]

I wasn't going by the dividend I was going by this:

WBA: Walgreens Boots falls to lowest level in almost 11 years

and it seems it is the time to buy!