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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
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T&T Capital Management
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T&T Capital Management Blog
  • Walgreen's Europe Bet-WSJ 0 comments
    Jun 20, 2012 10:57 AM | about stocks: WBA

    Walgreen's (WAG) made big news after spending $6.7 billion to buy 45% of Alliance Boots. This acquisition doesn't make sense to me unless Walgreen's eventually ends up buying the whole company. I understand that this acquisition should help the combined companies lower procurement costs, but it also increases the risks by doubling down on retail pharmacy. I think the first initiative should be to work together to attempt to be the leading online distributor of prescriptions to protect themselves from competitors with less overhead. I believe this acquisition is more of a panic move than anything else.

    http://online.wsj.com/article/SB10001424052702303836404577476091902791460.html?mod=business_newsreel

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: WBA
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