WBA - Walgreens Plummets: Avoid At All Costs

2024-06-27 11:40:12 ET

Summary

• Walgreens Boots Alliance, Inc. shares are plummeting due to operational problems, theft, competition, and changing dynamics in the pharmacy space.
• Despite revenue growth in all segments, the company's profitability is declining, with a significant decrease in adjusted net earnings and EPS.
• Management must make very tough decisions.
• There are some positives here, but it is speculative despite what appears to be "value," it has been and continues to be a trap.

Shares of Walgreens Boots Alliance, Inc. ( WBA ) are getting absolutely crushed here today. We can see the temptation here to come in and scoop what appear to be extremely cheap shares, even with all the operational problems at the company. Despite rampant theft, heavy competitions, changing dynamics of the pharmacy space, and general pressure on the consumers, the company still makes money. However, the company is in trouble. In this column, we highlight the most recent earnings , and discuss some of these issues....

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