Do we know if cuts are over for sure?
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To the person who said bankruptcy was not that close the stock price doesn’t agree with you and why is Cencora buying back more stock from Walgreens for? This company is more debt addled than you think it is. It continuously is bleeding money and the biggest drag is Boots and they can’t sell that because they want too much for it and no one wants to pay the asking price for it. Biggest mistake this company made was buying Boots.
@2snx+1s57omBd This doesn’t make any sense either. He’s lost billions of dollars on Walgreens. What sense does it make to lose billions in order to sell off pieces of a company worth a fraction of what he bought it for ? That would be like you buy a brand new car, selling it 10 years later, and then saying you made money on the sale. Illogical.
@1mqn+1s57omBd What are your thoughts on Pessina?
I do not believe he hired Roz to do anything, nor did he hire Tim to do anything.
I do not believe Pessina bought Walgreens (using our money) in order to grow the company into something bigger.
I do believe, based on Pessina's past work, that he intends to take a dying company and siphon off as many of the assets he can for himself and others. He has a history of buying companies and taking them private. He has a history of making deals (not of growing companies).
Roz and Tim are just puppets that fill a seat while the real work goes on behind the scenes with Pessina.
Was that Neil or Tracy that just posted that
Please don’t listen to these bankruptcy nuts. Walgreens is nowhere close to bankruptcy. They have a very good to debt to equity ratio of around 0.5. 1-1.5 is considered good. Over 2 is getting dicey. For the sake of comparison, Rite Aid was in the double digits when they filed. So stop with the bankruptcy talk. There is literally nothing about that that makes sense. Not 1 metric points to bankruptcy…..yet
The company only makes 3 cents for every dollar that is spent at the stores we are told that over and over again.
@1pcg actually they are much closer to filing than you may believe but my previous company before here filed bankruptcy and most people will not be expecting it to happen when it does because everyone lives in their own world and they don’t pay attention to what is happening. First big sign this company is headed for a huge fall is due to the stock price constantly falling. Wall Street does not like where this company is headed and they have zero confidence in it at this point. The obvious signs outside of that are not all there yet but this company has hired to many people to run this company who have zero experience in the pharmacy business for too many years. Pessina ran this company into the ditch and he made a truly disastrous hire in Roz and the ineptness that followed her in. Frankly, the fact this company is losing so much money every quarter should tell you that bankruptcy is closer than you think it is. All of these corporate clowns have spent money like it was growing on trees and now the consequences have came back to bite them now
It's pretty evident that Walgreens doesn't care about its employees and they prioritize money over the health and well-being of employees and customers but I don't see bankruptcy happening yet. Maybe in a few years.
I think they’re preparing for bankruptcy. They’ll keep cutting and closing stores then file bankruptcy. This is what happens when corporate greed takes over and you don’t care about employees.
48 individuals in property
I'll be happy when I see the Iranian mafia fired. AI team needs to be pruned - starting at the very top!
As long as they keep ignoring and refusing to address the actual problems in the stores and forcing more volume on already overworked and understaffed floor and pharmacy staff I’m sure we will end up seeing more layoffs.
That's the only way they can show value to shareholders, and revive the stock price.
The ones mentioned yesterday are - 100 people laid off (mainly in digital and marketing). It seems like they don’t have a plan to improve, either, so I’m sure more layoffs later this year. At this rate, their have been layoffs every few months…