Our stock was the benefit of a dead cat bounce a week or so ago after the earnings call. Since President Trump's Executive Order targeting prescription dr-g prices it has been free-falling. Is anyone in Woonsocket going to or capable of issuing a statement on the corporations perspective of the executive order? The future of our PBM? The future of our already pathetically low RX margins in retail??
8 replies (most recent on top)
@ah Correct, this thug company needs to be investigated by the HHS and CMS for PBM discounts not being passed to patients. Also, they are under lawsuit in various states for not disclosing U & CP (Usual and Customary pricing) to patients having insurance as well as to govt. plan holders, which is deliberate fraud, hence they need to be sued by all the states and their AGs.
@be Stocks & Stock markets are tied to detailed analses and estimation of current and future (projected) earnings, leading to an estimated price and a buy/sell/hold decision. Each investor and FII uses the tools at their disposal to do that analysis, it's only people like you at CVS who rely on emotions, so please understand things before commenting on them. You seem to be another Indian origin ex-TCS guy who reached the US on the basis of boot polishing CVS bosses, hence talking like this.
Couldn’t happen to a nicer company. Can’t wait to see a trading in the 30s where it belongs.
Stocks are tied to emotions.
And you cant control a market so why waste time on that.
Answer: you dont
This is true. Medicare Part C and D were a cash cow for entitled boomers. And even they ate tired of choosing from 23 plans.
Everyone else just wants to not lose their shirts trying to go get a tooth filling or some other procedure.
When your business response to everything is layoff staff and let new executives/leaders bring in their buddies from non-related industries....... the doom is inevitable.
There is no plan to fix, revive or rebuild.
Like it or not because of greed at all levels the inevitable (social medicine) is the future. These corporate pigs know it and are greasing their palms as quickly as possible. If you think it is bad now wait when one payer takes place. You can deny this all you want.
Honestly, what would they say? The company leadership has already shown they couldn't foresee and handle predictable market movements over the past couple of years, why would they all of a sudden have a coherent vision for the unknown landscape ahead?