Walgreens Was the Dow’s Biggest Loser in 2019

[VA77]

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I started my employment with WAGs just before it became WBA, so I've pretty much never seen the stock perform well aside from my first 6 months or so as an employee.

Even during Covid with literally every district in my area having double digit front end sales growth, the pharmacies being up ~5% in sales, flu shots being 50% higher YoU, hours being cut, and the massive infusion of cash and goodwill from the vaccine announcments, we somehow managed to have the stock value drop AND post terrible earnings.

Boots has really been a boot on this companies throat.

And this is why I cannot see how any financial analyst can put this company at a hold or higher. If you cannot make money during a pandemic that is geared towards your business then your leadership is sophomoric. In years past they talked about taking company private or moving out of Chicago for tax purposes. Right now they gotta make a drastic 2021 change and TRY something or continue to watch stock sink.

 

[mentos]

I started my employment with WAGs just before it became WBA, so I've pretty much never seen the stock perform well aside from my first 6 months or so as an employee.

Even during Covid with literally every district in my area having double digit front end sales growth, the pharmacies being up ~5% in sales, flu shots being 50% higher YoU, hours being cut, and the massive infusion of cash and goodwill from the vaccine announcments, we somehow managed to have the stock value drop AND post terrible earnings.

Boots has really been a boot on this companies throat.

I don't understand why big companies merge or acquire others. It always leads to layoffs and losses. Same thing happened with CVS, the stock price was at an all time high in 2016 and then they just had to start buying every damn company they could get their hands on. Target, Omnicare, Aetna, a bunch of independent chains etc. Slow death spiral ever since.

This happens in other fields too not just pharmacy.

 

[mentos]

And this is why I cannot see how any financial analyst can put this company at a hold or higher. If you cannot make money during a pandemic that is geared towards your business then your leadership is sophomoric. In years past they talked about taking company private or moving out of Chicago for tax purposes. Right now they gotta make a drastic 2021 change and TRY something or continue to watch stock sink.

Yup and if you can't make money during the bull run from 2016-2020 then you shouldn't exist.

 

[wagrxm2000]

What Walgreens should do is what they won't do, make a 90 degrees turn redesigning the pharmacies and cutting tons of management. New store floorplans should be a fifth their current size just big enough for the pharmacy and a couple aisles for otcs. Why won't they? Pessina is no entrepreneur and the company is too high profile. So instead it will be a slow death.

They have actually been opening these types of stores just too slow.

 

[wagrxm2000]

This did not age well.

And I still don't own any stock

 

[StockPharmD2020]

actually bought a 2022 $45 call hoping it broke the trend in the short term.

 

[pezdispenser]

Walgreens taps Starbucks operating chief Roz Brewer as its next CEO

Starbucks Chief Operating Officer Rosalind Brewer will replace Stefano Pessina as CEO of Walgreens Boots Alliance, the drugstore chain confirmed Tuesday.

www.cnbc.com

WBA stock is actually up 28% YTD.

 

[mentos]

Walgreens taps Starbucks operating chief Roz Brewer as its next CEO

Starbucks Chief Operating Officer Rosalind Brewer will replace Stefano Pessina as CEO of Walgreens Boots Alliance, the drugstore chain confirmed Tuesday.

www.cnbc.com

WBA stock is actually up 28% YTD.

Every stock is up that much in the past week haha. This is gonna end badly.