Heard a rumor from Treasury that an entity believed to be tied to Elon Musk has initiated due diligence on the pharmacy division. Sticking it to Mark Cuban?
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Carl Ichan, Warren Buffett better chance
That’s hysterical. He’s too smart for that and why would he want to compete with Mark Cuban?? Thanks for the laugh.
Walgreens might be a smarter play, less top heavy from poor acquisitions and about 1/9 the market cap.
Musk is spiteful and stupid but also cheap as ba--s. He’s also not really smart or savvy. All of his successes have been successes before him (or on the cusp of success). His original ideas are lack luster. He needs a cheap and functioning org to come in and mess with. CVS is functioning (by his standards) but wouldn’t be cheap enough.
Rite aid would be cheap enough but I doubt the technology is there to support his mantra of “I wave an arm and it’s done”
Now RiteAid sure I could see that since it’d be cheap, alre
It is hard to find land to install all of those Tesla Superchargers. Just imagine a Supercharger at every parking spot in every CVS parking lot. It would drive non-shoplifters into the stores. That is thinking Elon Musk style.
Let's see, spend billions to acquire dying retail locations, unionized Pharmacists, and terrible IT systems....or build out a few mega mail order locations and install AI enabled IT infrastructure??
That would be bad. He bought Twitter and cut 70-80% of employees.
That's a rumor I read same article. I think it's just propaganda and speculation. But it kinda jives as I was picking up on a lot of trumpsters movements taking the businesses to push their agenda. Taking PBM would be a big win for them if the elections go their way. And ya know Elon just loves Trump and Trump love would seat him in government affairs.
Doubt it, it would be a big buy even for Elon, and I don't think Elon would gain much with a purchase. He would do better with a blank sheet or would get better returns buying rite aid for a lot cheaper and starting there.
It would be funny as Elon could fire AR again! That would make it worth it!
I hope he buys and loses everything.
https://youtu.be/rCoFKUJ_8Yo?si=