Walgreens (WBA) shares sink lower Thursday morning after the pharmacy chain missed on fiscal third-quarter earnings and slashed its full-year profit guidance...
Catalysts brings on Gabelli Funds Portfolio Manager Jeff Jonas to talk more about Walgreens ' predicament, strategies it could use to recover, and the challenges the broader industry faces.
Jeff, I'm curious, uh and I'm not sure if you, if you own CV S but just more broadly speaking, when you take a look at some of the issues that we're clearly seeing at Walgreens and compare that to some of the other trends within the sector? So that's forcing the pharmacies to cut price on a lot of those store items which directly hurts the profit margins.
So there's special handling requirements and they're just incredibly low margin or, or possibly even no margin um for a lot of the people in the supply chain, it, it's really just the manufacturers who are profiting from this.This dividend stock is sure to benefit from ongoing cuts in the key interest rate and is already seeing some major opportunities ahead. The post 1 Dividend Stock to Buy if the Bank of Canada Keeps Cutting Rates appeared first on The Motley Fool Canada.
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