Opinions Gordon Reid
Walgreen Boots AllianceWBAPAST TOP PICKAug 20, 2014
Gordon ReidOwned
$62.00
Stock price when the opinion was issued
$12.05
As of Aug 27, 2025. Market Open.
specialty stores
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DON'T BUY
They report Tuesday. Very worried. Not sure if their buy of Summit Health can give their shares a boost. Have been a poor performer among retailers with decent balance sheets. He needs to hear them speak about theft. Buying stuff there is discouraging because it's under lock and key. It's easier to buy from Amazon.
specialty stores
DON'T BUY
Among the worst Dow performers in Q3 Down 17%. Pays a 6% yield. He expected more from them given the Covid booster shot business. Trades at 6.3x earnings. That tell him they gained little market share during the pandemic unlike CVS. They lack a strategy to compete with Amazon; people buy consumer staples from Amazon instead. Walgreen stores are short of staff, which effects service.
specialty stores
(A Top Pick Aug 20/13. Up 29.71%.) Stock fell precipitously about 2 weeks ago, on the news they were not going to do a tax inversion. Had bought a minority interest in Allied Bootes, a UK drugstore chain. Had an option on the rest of it which they exercised and announced they were moving their headquarters to Switzerland. This is a tax inversion. He was surprised that it sold off as much as it did. A good opportunity to move into this negativity. Long-term, great company.