CVS Stock going down..

[rickyroxy]

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What's up with CVS stock. It went down almost 12% today. 600 laid off. What's cooking ?

 

[zelman]

What's up with CVS stock. It went down almost 12% today. 600 laid off. What's cooking ?

Tricare Pharmacy Network Adds Walgreens, Removes CVS

 

[ChalupaBatman86]

Larry said on the earnings call they are going to leverage their investments in technology to decrease their labor costs in the stores.


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[ZakMeister]

From what I hear ESI will also part ways with CVS


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[Momus]

Larry said on the earnings call they are going to leverage their investments in technology to decrease their labor costs in the stores.


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Luls... How can you cut more labor. It's cvsh1t

 

[gwarm01]

Luls... How can you cut more labor. It's cvsh1t

It's like the Kobayashi Maru. He found a way.

 

[josh6718]

Luls... How can you cut more labor. It's cvsh1t

I was wondering the same thing, though possibly cutting more front store hours? One example I've heard was through implanting electronic shelf labels, but who knows.

 

[lane one]

Pretty sure they missed their earnings projections and adjusted (down) their projections for next quarter. Obviously on that kind of news investors will run.

 

[ldiot]

Larry said on the earnings call they are going to leverage their investments in technology to decrease their labor costs in the stores.


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Seriously? My preceptor at grocery pharmacy offered me a job as an intern today. Honestly I'm thinking about giving up on CVS. The only reason I have stayed is my store level staff is great and I don't want to learn a new computer system. Crappy company, terrible DM, and all growth and investment is in revenue streams outside of their retail pharmacies.

 

[ldiot]

Trying to read the transcript but the only ****ing site that has it wants me to ****ing sign up for their ****ty spam emails

 

[ChalupaBatman86]

Trying to read the transcript but the only ****ing site that has it wants me to ****ing sign up for their ****ty spam emails

Use Seeking Alpha. It's not spammy at all.


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[83ky]

Cvs stock has been on a Downward trend for several months anyone pharmacists working for the company know what may be going down with this company and what the future holds buy,sell,or hold

 

[steveysmith54]

Just my observation, but Most stocks that have connections to the health care have been down