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|Subject: Re: Walgreen (WAG)||Date: 10/2/2012 5:27 PM|
|Author: kelbon||Number: 7547 of 8754|
WAG price is beat down due to their battles with Express Scripts, which has withdrawn from Walgreens.
WAG's share price was beaten down some when they departed ways with Express Script. In a bit of a panic they came up with a way to try and generate some of the revenue that had just walked out the door with Express Scripts' huffy exit. Great idea! They decided to buy Alliance Boots. The shares then got beaten down some more as the market decided they were paying too much, and, really, what was the point anyway?
But wait, there's more. At the end of July Express Scripts and Walgreen kissed and made up; they're back together! The stock price even bounced back. So all's well that ends well, except for perhaps that albatross around Walgreen's neck, that panicky rebound relationship with Alliance Boots, which may, or may not, cost them dear in the future.
And so it goes…
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