Unfortunately, mismanagement by KL and her minions who overpaid for BS companies and failed to integrate them and develop a coherent and compelling strategy that the market needs or wants has led to the suffering of employees impacted by layoffs. Its su-ks. I know this firsthand. The market will now drive the decisions and lead to more suffering in the short and near team. I wish all impacted well and landing on the feet but don't wait. It's hard enough to find a new job in the economy but take the reins and search NOW.
https://finance.yahoo.com/news/moon-capital-management-liquidated-cvs-132234283.html
"We sold all our CVS Health Corporation (NYSE:CVS) shares in December at approximately $50 per share, achieving a modest (and disappointing) gain over our multi-year holding period. ......Over the past three years, the company has burned through more than $18 billion of its free cash flow on acquisitions of Signify and Oak Street Health. (Burned through” is a financial euphemism for “wasted.”)
"We sold all our CVS Health Corporation (NYSE:CVS) shares in December at approximately $50 per share, achieving a modest (and disappointing) gain over our multi-year holding period. While CVS has generated significant cash flow in recent years – a figure that is likely to grow in the near term due to its Medicare Advantage business – the intrinsic value of the company, has not seen a substantial increase. Over the past three years, the company has burned through more than $18 billion of its free cash flow on acquisitions of Signify and Oak Street Health. (Burned through” is a financial euphemism for “wasted.”)