Walgreens has a problem, I to find it difficult
locating merchandise and waiting in lines at the 1 Check out.
The problem I see.. is the Core Rx part of their business.. pricing.. and as reported the decline in Customer traffic based on Rx pricing..
Most Drugs have gone Generic and they are a Commodity now, I don't need a out of business Bank to dispense a over priced
generic Prescription and then wishing me Well... what I do need is the $20.00 that Costco or mail order saved me for the same drug.
As for the US Debt, Esrx/Medco has lowered the price of Prescription Drugs paid for, by the Medicare and Medicaid gov't accounts.
Tricare a Government funded Military medical program has Declined to include Walgreens as a Rx Supplier. This tells you something!!!
As the US moves into the ACA. pricing will be king with a measured outcome, and here is where the Sushi Chefs will be eating road Kill, just as Rite Aid's planners failed in seeing the road ahead, Walgreens is reacting like a drunk sailor with its SG&A spend that will run aground..
About the US Debt, Bonds vs Equity.. another time!!!
GLTA!!!
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