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In a SEC filing (10-Q), Walgreen (WAG) warns that the loss of a contract with Express Scripts...
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Thursday, December 29, 2011, 7:56 AM ETIn a SEC filing (10-Q), Walgreen (WAG) warns that the loss of a contract with Express Scripts will affect revenue, profit, and cash flow for the remainder of FY12. The drugstore chain operator says it's working on contingency plans to moderate the drop off of business.
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Your shareholders (of which I am no longer one) are not paying your salary to have pissing contests with your vendors long PAST the 11'th Hour! It is obvious now that Express Scripts needs you less than you need them. You should have done a deal with Express Scripts and THEN began to develop another solution. Not (and I repeat) NOT wage a contract war while developing a solution. This is short sighted and has destroyed value in a good company.