ron root said:
Now is a good time to buy. And I would suggest selling in few years when the changes being implemented have an effect on performance. It's the old story of slashing payroll costs by getting rid of those who have been with the company for many years, and have worked their way up to management from stocking shelves at the stores. They're being terminated under the guise they're not qualified for the positions they hold because they have no degree. Then they hire another with a degree for less, and very less benefits (vacation,etc.). The person they let go knows everything they're responsible for because they've done every job under them. The new hires have no or little experience in the areas they're now responsible for. This will not have an immediate negative effect, and will take time to show up in the financials. Those now in charge have ripped the soul from the company by making all the employees fear each day ill be their last day of employment. The CEO promised to save a billion dollars in a year. They took away the christmas bonus from full time store employees (about $4 a week), and gave the CEO a six million dollar raise. Not a good moral move. When the Walgreens family was in charge their doors were always open to any employee. Now the executive officers have a remodeled building with state of the art security for their protection. New management hires are telling employees that have been with Walgreens for 20 or more years that they don't know what they're talking about when trying to give input about operations. This is a recipe for disaster that will take its toll in later years because Walgreens is a revenue generating machine at present. When you have an organization as large as Walgreens who's every employee is demoralized, and wondering how long they'll have this job that was once a career. It's only a matter of time!
Min Rusty said:
Is there any talk of Walgreens and whole foods merger?
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Walgreens I have heard a lot about this company. In the field of the stock market they are doing a great job. And I must say I am so happy to read this article about them. Because I am planning to join that company as a office boy.
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