CVS - Walgreens: One Of The Best Value Picks At The Moment

2024-03-21 15:53:05 ET

Summary

• Walgreens Boots Alliance has opportunities to acquire Rite Aid stores and expand its geographic presence.
• Cost savings, deleveraging, lower interest rates and the opportunity to acquire some Rite Aid stores are strong catalysts.
• It is one of the best value plays on the market because some valuation metrics are at a 10-year low.

Last October, I wrote that CVS Health ( CVS ) is buyable because of growth opportunities due to the bankruptcy of Rite Aid. Walgreens Boots Alliance ( WBA ) is a direct competitor to both, so I see opportunities here as well....

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