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Wal-Mart's Expands $4 Drug List, Puts Pressure on Drug Store Chains

I disagree as well. The first time WMT announced this $4 drug plan, CVS and WAG both got hammered for about a month. But that proved to be excellent buying opportunities for both stocks, especially CVS. The WMT plan has not made a dent in CVS's earnings at all, and I don't expect it to start now.

If you think about it, why would you drive out of your way to a Wal Mart when a CVS or WAG is probably less than a mile away from your house. Just the money you'd waste in gas will use up the money you save on your Rx. Even more so if you have it mail ordered!

I think the WMT plan is good for people who before couldn't afford their prescriptions and were doing without. Most people have health insurance though and don't need to be bothered with WMT's offer.