WBA - Walgreens Boots Alliance: Don't Be Duped - Beware Of A Value Trap
2024-05-07 09:00:00 ET
Summary
- Walgreens Boots Alliance faces significant business challenges and has no easy solutions.
- Wall Street remains skeptical about Walgreens' ability to overcome its immense challenges.
- I urge investors to be cautious about its so-called "cheap" valuation.
- I argue why WBA stock is more indicative of a value trap than a value play. Buyers beware.
Walgreens Stock Fell To New Multi-Year Lows
Walgreens Boots Alliance ( WBA ) investors have endured a torrid year that showed glimpses of hope in December 2023 as WBA stock rallied. However, it proved to be a false dawn, as WBA formed a bull trap (false upside breakout), and selling pressure regained momentum with a vengeance. I cautioned WBA investors that Walgreens is facing monumental challenges, with no easy solutions at hand....
Walgreens Boots Alliance: Don't Be Duped - Beware Of A Value Trap