Opinions David Burrows
Walgreen Boots AllianceWBACOMMENTJun 14, 2016
David BurrowsUnknown
$84.34
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
Continues to have opportunity to rationalize costs through their original merger, and has room to continue to do that. Going to grow their earnings 12%-13% next year, and probably 12%-15% the following year. On a relative basis, it has been picking up versus the group recently. This is going to be a steady performer. In the market we are in currently, medical devices are very attractive and he likes them for capital appreciation. You might make a little more money in Medtronic (MDT-N). Dividend yield of 1.7%.