Thread regarding Walgreens layoffs

This was taunted as the future savior.....Walgreens Suffers $6 Billion Loss As VillageMD Clinic Investment Sours

How much more cna this company lose and survive......Walgreens Boots Alliance lost nearly $6 billion in its second quarter as the company grapples with the loss in value of its investment in doctor-staffed clinic operator VillageMD.

Walgreens, which invested more than $6 billion under former chief executive Roz Brewer to take a controlling stake in Chicago-based startup VillageMD, is scaling back on the expansion of doctor practices and clinics the company opened attached to Walgreens.

Tim Wentworth, who took over as Walgreens chief executive last October, has described VillageMD’s expansion effort as needing to go on “a diet.”

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| 981 views | | 5 replies (last March 29, 2024) | Reply
Post ID: @OP+1rLEBeX4

5 replies (most recent on top)

Theranos can now sleep easy since they are no longer the biggest loss for Walgreens.

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Post ID: @1gcb+1rLEBeX4

Thanks Roz....thanks WBA Board.....pathetic.......

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Post ID: @1qou+1rLEBeX4

Would an investor looking at the real numbers like this put money into it, and the ones that already did..looking at these numbers ..It has been stated that Vanguard, Black Rock and State Street each have well over a billion dollars invested in Walgreens.

Look at the results, Walgreens stock has dropped significantly over a period of many years. The stock is down 37% over the past 12 months, 55% over the past two years, and 66% over the past five years. So far in 2024, the stock has tumbled about 20%

Why would anyone seriously put money into a fund or a company that thinks this is a good buy. Ask the ones that have had it the last FIVE years and lost over 60%.

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Post ID: @ubt+1rLEBeX4

Vanguard, Black Rock and State Street each have well over a billion dollars invested in Walgreens. Do they see something that the rest of us don't? I do believe Tim Wentworth is the right pick to right the sinking ship. That said, Walgreens treats its employees like garbage and it'll be a challenge to change that mindset. Leadership must get employees' buy-in in order to save Walgreens.

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Post ID: @cct+1rLEBeX4

Walgreens stock has dropped significantly over a period of many years. The stock is down 37% over the past 12 months, 55% over the past two years, and 66% over the past five years. So far in 2024, the stock has tumbled about 20%.

How can this company survive with these numbers and why would a serious investor even think about investing in a company with numbers. There are so many places to make money, ask the investors in this company how their money is doing. And that doesn't even include EMPLOYEE MORALE.

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Post ID: @htl+1rLEBeX4

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