2024-07-09 13:00:03 ET
Summary
- CVS Health reported mediocre first quarter results, missed analyst's expectations and lowered guidance for fiscal 2024.
- However, CVS Health might actually profit from a struggling competitor Walgreens Boots Alliance and is certainly the better investment in my view.
- The stock remains deeply undervalued and a reversion to the mean is likely.
One of the companies I covered most frequently and also one of my biggest holdings is CVS Health Corporation ( CVS ). And while making up a larger part of my portfolio, it has not been one of my best investments. After my major purchase the stock almost doubled but in the last few quarters the stock declined to almost the same price again at which I bought it initially....
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CVS Health: A Better Investment Than Walgreens Boots Alliance