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Walgreens jumps on report of potential sale of Boots chain

Dec. 03, 2021 1:20 PM ETWalgreens Boots Alliance, Inc. (WBA)CVSBy: Joshua Fineman, SA News Editor50 Comments

Blue oval sign at one of many Boots branches in London

Lubo Ivanko/iStock Editorial via Getty Images

  • Walgreens Boots Alliance(NASDAQ:WBA) rose 3.4% on a report that the pharmacy company is exploring a potential sale of its Boots chain next year.
  • Walgreens (WBA) is said to have hired Goldman Sachs to work

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Comments (50)

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Boots has value beyond what the market perceives.
Best thing about this is that they can change their stock symbol back to WAG. I still haven't gotten used to WBA.
No Identity profile picture
Sell to Amazon
Walgreens simply can’t compare with CVS . All you need to do is compare the balance sheets , growth projections , management and employees and the stock prices .
El Scorcho profile picture
Buy for 14 Billion, sell for 5 Billion, thats the genius of WBA
@El Scorcho They went to the GE school of management.
Sell it. Spin it.
Dividend Ambassador profile picture
Boot Boots.
Sell Boots, buy the rest of ABC.
‘Undue’? Sad …
Good. Boots is the worst drugstore/apothecary chain in Europe. Walgreens are infinitely better than Boots.

When I was in UK, Boots were always near empty of shoppers, while Sainsburys and the like bustled.

Best wishes to those still holding $WBA.
MickeyD77 profile picture
Village/MD is the future for Walgreen. Beats the CVS Minute Clinics by a mile.
@MickeyD77 can you elaborate? Based on personal experience? Or based on other data?
Jamjack profile picture
Yes, please do elaborate. I don't go to Walgreen. I go to CVS. Mine runs very well.
MickeyD77 profile picture
@Jamjack VillageMD is based on a different model. CVS Minute Clinics are built for one-time events (flu, cold, ear infection, etc). VillageMD is built for continuing care of patients. It is becoming increasingly harder to find a physician who will accept your insurance or Medicaid voucher. VillageMD accepts these patients and will follow them as would a regular physician for their chronic conditions (hypertension, diabetes, COPD, kidney disease, heart disease, etc). VillageMD uses a cost-effective model using nurse practitioners and physician assistants overseen by a physician. I think this model will be very popular where it is difficult to find a private physician who will accept your insurance.
PennyPlanSupporter profile picture
Mandatory boosters every six months for 320 million Americans equals tens of billions in new revenue for many years going forward.

"Please stick around and browse the store for 15 minutes before leaving after the injection sir or ma'am!"
rrkaas profile picture
@PennyPlanSupporter the company only needed a black swan pandemic as a catalyst. Imagine the opportunity cost of holding for the past decade and a half.
PennyPlanSupporter profile picture
@rrkaas good thing I didn't do that.
PennyPlanSupporter profile picture
Finally, $WBA is beginning the consolidation of the leading independent Fast Access, Neighborhood Health Clinic segment.

Selling Boots will allow them to have the cash to buy several hundred Rapid Care clinics in dozens of metro areas.
Boots is a lose, lose situation. If they keep it will still lose money and completion is only going to get worse. Cut the loses and move on to fight another day
I never liked the Boots deal. Good riddance. Pessina did not know how to run an American drugstore chain. Walgreens should have bought ABC instead of Boots. Still long Walgreens. I'll give Brewer some time to turn things around.
If WBA ends up selling Boots chain outright, the price better be much higher than merely over 5 Billion GBP, which comes to less than $7 Billion. They paid about $10.7 Billion in cash and stock about seven years back. Not looking like a smart move if the reported consideration is accurate. Still, too early to draw concrete conclusions.
Ol' Hickory profile picture
Cramer said the merger was a great idea. No wonder the market is reacting as it is.
@NWdividend he said oil was dead last summer when the stocks were cheap. Grain of salt
@NWdividend Cramer! Yeah, right!
@NWdividend Cramer is the greatest contra-indicator in the investing world today. Buy when he says sell, sell when he says buy. He is like the anti-Buffett.
How much is Pessina and his goons making off this sale?
toh192 profile picture
@Meepgoesmoo lots and management already saw salary increases due to the acquisition that would be deflating.
Start selling Starbucks coffee at the pharmacy drive up windows.
@Phil Dumfee that's, actually, not a completely bad idea!
thirdcamper profile picture
Boots stores are infinitely nicer than Walgreens stores.
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