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Mon Feb 25th 23:49 PM | Rating: 0 0
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My Walgreen Mistake - What Went Wrong?

In my ex-urb town located in eastern PA, I recently had to go to the pharmacy to fulfill a prescription. I had a choice between CVS, WAG and the pharamcy at the local supermarket. I chose to use the supermarket. I was astonished to find that the local supermarket pharmacy was backlogged for more than 3 hours. I could see over 50 prescription in line ahead of mine. WAG and CVS had virutually no traffic. My guess is that more shoppers are going the mile or so to to save a few dollars on a prescription. I mentioned this to an office worker and was astonished to hear that his wife drive 4 miles out of the way to a Walmart to save 4 dollars on a prescription. Phjarmacy is WAG's bread and butter. I will not touch this stock now. For last 20 years they had the wind at their back, now it is against them. The six figure income set is now fulfilling their prescriptions at supermarkets in a very big way.
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