Opinions John Burke
Walgreen Boots AllianceWBATOP PICKNov 15, 2016
John BurkeOwned
$83.28
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
Has had a difficult time with client’s portfolios because he has been moving out of consumer staples stocks which have done poorly with rising rates since July. That is uncomfortable, because this is the most stable sector, and he is trying to find names within that sector that he feels are going to grow and they are hard to find. Consumer staple stocks sales do not go down during recessions, which would be the same case with this company. This has a free cash flow yield of over 7%. The company thinks they can grow their top line revenues by 10% per year over the next 3 years. Dividend yield of 1.83%. (Analysts’ price target is $92.80.)