Leadership is focusing on acquisitions and everything outside of stores. They see the future of CVS as a leader in Healthcare. They have ignored the stores for the most part. Exception is when they need to make the earnings number they go to stores to reduce/cut expenses. So what's left is today's CVS. Unhappy staff waiting for the next round of layoffs and expense reduction. Stores that are for the most part tired and old compared to Walgreens and others. Pharmacist who are overworked and fear for their jobs if they make a mistake of don't score on Service. Managers who focus on metric Management to survive, doing whatever they must to stay out of the RL's scope. T Store conditions. Out of stocks are high in many stores unless Mgt circumvents the replenishment program in some way. Exteriors conditions in most cases are forgotten. Buildings dirty, landscaping forgotten, signs broken & parking lot stripping unseen. The lower volume stores are the forgotten lot. Leadership needs to commit to the stores! Hire a seasoned executive and give them capital to run the stores properly. Pharmacies/ D--g Stores are not going away. The industry is changing and what is left will be mighty. Will it be CVS that leads the way or WAG's. Not if they treat stores as an after thought only around to shave expenses for other missteps. Amazon and Walmart will NOT be the only place to shop in 2025.
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The real question is why hasn’t the stock fell into the 40’s yet? Who or what is keeping it above fifty? If you’ve noticed lately it’s been hovering between 52-54 for quite some time now, except for a couple minor bumps above 55 only to fall back below 55.
Really no he did not have inside information, lol. You knew stock would go up BECAUSE investor day CVS told them they will be up triple digits by the end of the year and building new innovative Heath hubs. My concern is what happens when year end comes and no triple digits. Staffing ratios could be even worse by end of the year when these profit goals are not met.
Oh well the bump in stock price because of investor day is over. As of right now stock down $1.22!
To the previous poster, it went up. You said that like you knew something. Do you? OR is it really company insiders propping up the stock?
Just watch the stock today..... up it will go..
I have also heard that company insiders, like aetna & cvs execs have been buying up large amounts of cvs stock. So that might be helping to keep at least the stock afloat.
I think the remaining people still on the ship are institutional investors...and they seem like they are checking the life rafts for leaks.
I think we are past the point of no return honestly. Customers are leaving. Unless they are mandated by insurance, people don’t choose to come to CVS. Maybe if they increased payroll, cleaned up and remodeled the stores, and spend a bunch of $ advertising they could recover. However, that will never happen under current leadership. So, down we go.
Just remember when it come to the stores, you can cut too much to the point of no return!
Very good observations my friend! First off Walgreens is not in great shape right now, and their stock just fell BELOW $50. Not a good sign. As far as cvs I’d say we’re in better shape, but not great either. And rite aid is dying, so count them out. The outsides of a lot of stores are disgusting, because cvs spends ZERO on exterior maintenance. And yes stupid corporate unrealistic expectations have everyone unhappy, and you’re right when you say anytime corporate needs the stores it’s simply to cut more out to help another part of the company.