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Walgreens (WBA)
Posted on 6/27/24 at 8:34 am
Posted on 6/27/24 at 8:34 am
What is going on?? down 20% today to 12 bucks!
But since their peak in 2015 where it was $80-90 a share what generally has driven them down? Amazon? Walmart?
Geez. Definitely worth a look at $12 you would think, but perhaps not...
But since their peak in 2015 where it was $80-90 a share what generally has driven them down? Amazon? Walmart?
Geez. Definitely worth a look at $12 you would think, but perhaps not...
11
Posted on 6/27/24 at 8:36 am to bayoubengals88
Amazon will continue to kill them as they move more and more into the pharmacy space.
Posted on 6/27/24 at 8:46 am to bayoubengals88
Closing Stores
This post was edited on 6/27/24 at 8:48 am
Posted on 6/27/24 at 9:03 am to bayoubengals88
I think Warren Buffett once said something to the effect of "A bad company that is bought for a cheap price is still a bad company".
Posted on 6/27/24 at 9:11 am to bayoubengals88
quote:
What is going on?
Gavin Newsom's $950 free ride on shoplifting didn't help Walgreen's. Maybe that's only a small part of their problem, but don't let anyone tell you the Covid era policies in Blue States were favorable to the Walgreen's and CVS style stores.
Posted on 6/27/24 at 10:07 am to bayoubengals88
Walgreens and cvs both struggling
Walgreens closing stores and cut guidance. They’re entering a restructuring.
Drug profit margins are being squeezed.
Amazon is putting immense pressure on them with the convenience of drugs being delivered to people’s doorsteps
Walgreens closing stores and cut guidance. They’re entering a restructuring.
Drug profit margins are being squeezed.
Amazon is putting immense pressure on them with the convenience of drugs being delivered to people’s doorsteps
This post was edited on 6/27/24 at 10:15 am
Posted on 6/27/24 at 10:25 am to bayoubengals88
I'm beginning to think the traditional brick and mortar drug stores like CVS and Walgreens are going to end up like Rite Aid.
The membership clubs, Wall Worlds and grocery stores all have a Pharmacy. I imagine they use that as a loss leader.
The membership clubs, Wall Worlds and grocery stores all have a Pharmacy. I imagine they use that as a loss leader.
Posted on 6/27/24 at 10:55 am to bayoubengals88
WMT has demolished them and they don't have the pharmacy business to compete any more on over-the-counter prices
Prime example:
Walgreen Ibuprofen - $10.99 200mg 150 count = 7.3 cents a pill
Walmart Ibuprofen - $8.36 200mg 500 count = 1.7 cents a pill
Unless its a complete convenience factor you would have to be a fool to pay 4x the price for Ibuprofen
Prime example:
Walgreen Ibuprofen - $10.99 200mg 150 count = 7.3 cents a pill
Walmart Ibuprofen - $8.36 200mg 500 count = 1.7 cents a pill
Unless its a complete convenience factor you would have to be a fool to pay 4x the price for Ibuprofen
Posted on 6/27/24 at 11:06 am to bayoubengals88
This is a quite simple answer: Trips. People have lost a reason to frequent drug stores.
Posted on 6/27/24 at 6:25 pm to bayoubengals88
Bad service + high prices = bad business model.
Somehow, when you add in a broad fingerprint into medicine/healthcare, it somehow makes people (generally) trust you more. But I’ll never fill a script at one unless it’s a 24 hour location, and I need it right then.
Somehow, when you add in a broad fingerprint into medicine/healthcare, it somehow makes people (generally) trust you more. But I’ll never fill a script at one unless it’s a 24 hour location, and I need it right then.
Posted on 6/27/24 at 10:19 pm to bayoubengals88
Company is in free fall
They way over extended and didn’t get returns in what they overextended on
Crappy reimbursements where they lose money on Rx’s .
It’s a disaster
They way over extended and didn’t get returns in what they overextended on
Crappy reimbursements where they lose money on Rx’s .
It’s a disaster
Posted on 6/30/24 at 7:24 am to TheGooner
quote:
"A bad company that is bought for a cheap price is still a bad company".
This ^^^
Doesn’t mean that you can’t/won’t (eventually) make money by trading it, or even investing in it. But with a company like this, it becomes a highly speculative play.
This post was edited on 6/30/24 at 7:28 am
Posted on 6/30/24 at 7:31 am to Jag_Warrior
quote:
highly speculative play
Buffet would classify this as gambling, not investing.
Posted on 6/30/24 at 9:02 am to Lawyered
Didn’t they have a DEI CEO hire a few years ago?
Posted on 6/30/24 at 10:48 am to bayoubengals88
I think Walgreens and CVS can survive in the long term but they’ll have to go to the doc in a box model.
Things that require being in the physical world. Drone deliveries etc will hurt them in larger cities mightily as their play has always been convenience not price.
Things that require being in the physical world. Drone deliveries etc will hurt them in larger cities mightily as their play has always been convenience not price.
Posted on 6/30/24 at 11:14 am to kaaj24
Their saving grace is a population that is aging and will be sick over the next twenty years.
Posted on 6/30/24 at 2:00 pm to lynxcat
I say this as someone who worked for Wags for several years
I hope it burns to the ground
It’s a horribly run company.. when they brought in a Starbucks ceo to run a healthcare company.. that should’ve told you how stupid they are
They lose money on so many brand name meds.. it’s not as big of a cash cow as people think it is.
Their computer system is basically windows 95.. it’s horribly outdated
You’re left with equipment that works half the time and a bare bones staff bc they’re too cheap to pay another technician $20 an hour
You’re evaluated on impossible to reach metrics prioritizing speed over safety.. which at McDonald’s whatever.. if you give someone a medium fry instead of a large they’ll be ok
At wags, if you give someone the wrong medicine , that’s deadly. The priorities are so jacked up
It was the most stressful job . There’s so much going on and as a pharmacist you’re in charge. And it’s unsafe working conditions . Plain and simple
You voice those concerns to upper management and they don’t give a shite
I hope it burns to the ground
It’s a horribly run company.. when they brought in a Starbucks ceo to run a healthcare company.. that should’ve told you how stupid they are
They lose money on so many brand name meds.. it’s not as big of a cash cow as people think it is.
Their computer system is basically windows 95.. it’s horribly outdated
You’re left with equipment that works half the time and a bare bones staff bc they’re too cheap to pay another technician $20 an hour
You’re evaluated on impossible to reach metrics prioritizing speed over safety.. which at McDonald’s whatever.. if you give someone a medium fry instead of a large they’ll be ok
At wags, if you give someone the wrong medicine , that’s deadly. The priorities are so jacked up
It was the most stressful job . There’s so much going on and as a pharmacist you’re in charge. And it’s unsafe working conditions . Plain and simple
You voice those concerns to upper management and they don’t give a shite
This post was edited on 6/30/24 at 2:03 pm
Posted on 7/2/24 at 8:08 am to TheGooner
quote:This is me with Walgreens. Forget the business side, they have created the absolute worse retail experience one could imagine.
I think Warren Buffett once said something to the effect of "A bad company that is bought for a cheap price is still a bad company".
Posted on 7/2/24 at 8:10 am to lynxcat
quote:But these same seniors have also become pretty advanced when it comes to online shopping and home delivery. I was talking with my 81 year old father the other day and he has no problem getting his Sams order delivered to his door. That shocked me for some reason.
Their saving grace is a population that is aging and will be sick over the next twenty years.
Posted on 7/2/24 at 11:10 am to tigerfoot
quote:
But these same seniors have also become pretty advanced when it comes to online shopping and home delivery.
Or have caregivers who are. I moved all of my mom's meds to a local pharmacy that delivers. I couldn't handle the incompetence and constant system issues they seemed to have.
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