April 29,2019 CVS reached the 52-week low of $53.53
The net loss for the fourth quarter of 2018 was $421 million compared to net income of $3.29 billion in the prior-year quarter.
$3.7 Billion net loss with all the cutbacks, employee income and job loss?
Curious if customer count down throughout rest of the country, excluding non-compete.
Omnicare was a profitable, well thought of company before Merlo and his band of thieving thugs took over management and cut all programs that did not make his metrics...such as personal relationships built up with clients...cost too much money and the benefits of these relationships can not be tracked on an excel sheet. He would rather "force" these institutions to use his service.
Wait till the Centene WellCare deal goes though, all Cvs WellCare to Centene , that got to hurt!
Omnicare...Nobodycare..How much did we overpay Aetna as well, $69 billion?
Stock depreciation down 37% in 1 year.
It was a $6 billion write off for the first quarter, on Omnicare along, much less the $68 billion debt for Aetna.
The loss was from omnicare not the stores