Talks about expanding into healthcare are simply to keep-up-appearances while the man who owns 73% of all shares dismantles the company brick by brick.
Look at what he has done with every company he has ever bought.
This is a controlled demolition. The people at the top are merely puppets.
impressive
the value of walgreens is now pathetic, how does it even survive..Shareholders must be sick to their guts.
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Here’s what I will say- It seems awfully strange to take a cOo from a coffee company and make her the cEo of the largest retail pharmaceutical & healthcare company in the US and across EU at the HEIGHT OF A GLOBAL PANDEMIC.
Good grief.
Me Monaco has some ‘splainin’ to do…
Wouldn't an LBO be the way to execute this? Why make the company less valuable and then sell off its now less valuable parts?
A simple google search will tell you how much stock Pessina owns.
The individual parts of a dying company are worth more than the whole. Didn't you follow what happened to Sears and Kmart? Eddie made a lot of money by breaking both companies into pieces and selling the hard assets out from under the company.
You both are easily fooled I see.
Am I missing something? What would be the point of investing large amounts of money into a company only to purposely "demolish" it?