Prudent Capitalist
6日前
I had CNBC on this am as always. He just said it is likely a long shot deal given certain factors, including the debt, and whether Sycamore could pull it off on terms that made sense for it long term. I would rather WBA work to recover and restore its financial strength, but we are long time holders. Given the strong dividend yield and the undervalued position of the shares, I do not want to see it go private at a very low share price.
You mentioned Jim Cramer earlier. He used to be a huge fan of Walgreens and a longtime customer, but he has been turned off by the fact that the Walgreens stores he uses, like many in the larger cities, have had to put any products of any value locked up in or behind thick plexiglass, etc. WBA has been hit hard by the flashmob looters that band together in mobs and hit retail stores in quick hit smash and grabs, stealing huge amounts of product and cleaning out much of entire stores, as happened in many instances in California and elsewhere, with little effort from law enforcement to effectively address the practice and problem.
Prudent Capitalist
6日前
What was, and perhaps still is, apparently being discussed is not really a buyout, but rather a private equity group taking WBA private. As pointed out in the story on CNBC this am, there may not be a strong likelihood of it happening, and if it does, it will be at a pitifully low share price relative to WBA's trading history over the past many years, e.g. $80's - $90's down to this disappointing share price level. Would be great for short term WBA holders who bought down under $10, but perhaps not so much for long term holders.