Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
CVS
Old 07-29-2008, 09:52 AM   #1
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
CVS

I'm looking at the chart of CVS and while it seems it may be just a tad early, this just looks like a great company to own for the future. I may wait for a pullback to around $35, or I may just start buying a little bit now. JMO. Do your own homework though. Currently $37.99
__________________

__________________
Art G is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-30-2008, 01:02 PM   #2
Full time employment: Posting here.
CitricAcid's Avatar
 
Join Date: May 2008
Posts: 546
I agree 100%... not even sure about the pullback to $35.00. Without doing any technical analysis (which I know very little), their financial statements speak testaments to how well they are doing in their sector, especially in the troubled economy.

Their acquisition of Caremark helped add significant market share, and they have recently passed (in the last 18 months) Walgreens in yearly revenue. They have the most pharmacies in the country after their freestanding Osco/SavOn acquisition from Albertson's. They average a 20% net income growth over the last 3 years, and trading at a 19 P/E, it seems like the P/E has upward mobility considering their proven record of growth. The dividend is fairly weak, but they have established a record of being able to pay an increasing dividend over time. Their revenue alone from FY '06 to FY'07 jumped almost 70%. I definitely like them for a long term (3-4 years) play, especially as they have pulled off of their $44 range of a couple of months ago.

In other words, they posted earnings, beat expectations, raised dividend and their price went down. I don't think that will last.
__________________

__________________
CitricAcid is offline   Reply With Quote
Old 07-30-2008, 01:39 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Mar 2007
Posts: 3,323
I just completed a study of CVS. However, be aware that Walgreens--feeling the hot heat of competition down their neck--has recently made some plans to improve their stores. This will be interesting, but, myself, I am a BIG CVS booster and probably will breakdown and buy, too.
__________________
Please consider adopting a rescue animal. So very many need a furr-ever home and someone to love them! And if we all spay/neuter our pets there won't be an overpopulation to put to death.
Orchidflower is offline   Reply With Quote
Old 07-31-2008, 09:26 AM   #4
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
A day early perhaps?
__________________
Art G is offline   Reply With Quote
Old 08-01-2008, 11:55 AM   #5
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
I should have waited until it hit support and held around $34.69
__________________
Art G is offline   Reply With Quote
Old 08-10-2008, 08:03 PM   #6
Thinks s/he gets paid by the post
thefed's Avatar
 
Join Date: Oct 2005
Posts: 2,203
why so
__________________
thefed is offline   Reply With Quote
Old 08-11-2008, 11:12 AM   #7
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
Cause that would be cheaper?
__________________
Art G is offline   Reply With Quote
Old 08-11-2008, 12:57 PM   #8
Thinks s/he gets paid by the post
thefed's Avatar
 
Join Date: Oct 2005
Posts: 2,203
oh i misunderstood your post...didnt see that it actually hit 34.xx...i wasnt looking at intra day #s
__________________
thefed is offline   Reply With Quote
Old 08-11-2008, 01:05 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
No, it hasn't reached that price yet. I may be glad I didn't wait, but over the long haul, in most cases I'd rather miss out on buying something than to consistently pay more than I have to.
Loss of opportunity is much better than loss of money. JMO
__________________
Art G is offline   Reply With Quote
Old 08-11-2008, 02:35 PM   #10
Thinks s/he gets paid by the post
thefed's Avatar
 
Join Date: Oct 2005
Posts: 2,203
gotcha.
__________________
thefed is offline   Reply With Quote
Old 08-12-2008, 04:10 PM   #11
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
Well this may be the reason CVS drops to support...

08/12 04:40PM CVS Caremark Corporation to Acquire Longs Drug Stores Corporation --Provides Outstanding Store Network in Highly Attractive Central and Northern California and Hawaiian Markets-- --Broadens CVS Caremark's Geographic Footprint Facilitating Roll-Out of New Proactive Pharmacy Care Offerings-- --Expands CVS Caremark's Position as the #1 Provider of Prescriptions in the U.S.-- WOONSOCKET, R.I. & WALNUT CREEK, Calif.--(BUSINESS WIRE)--August 12, 2008-- CVS Caremark Corporation (NYSE: CVS) and Longs Drug Stores Corporation (NYSE: LDG) today announced that they have entered into a definitive agreement under which CVS Caremark will acquire Longs for $71.50 per share in cash for a total purchase price of $2.9 billion including the assumption of net debt. Through this acquisition, CVS Caremark will acquire Longs' 521 retail drugstores in California, Hawaii, Nevada and Arizona as well as its Rx America subsidiary, which offers prescription benefits management ("PBM") services to over 8 million members and prescription drug plan benefits to approximately 450,000 Medicare beneficiaries. The addition of Longs' valuable store locations in Central and Northern California, Hawaii, and Nevada will provide CVS Caremark with substantial market positions in these highly attractive, fast growing markets. Further, the acquisition complements CVS Caremark's substantial presence in Southern California and provides a foundation for significant future growth throughout the nation's largest state. The transaction also offers CVS Caremark immediate market leadership in the highly attractive Hawaiian market, where it currently does not have a presence, as well as high-quality locations in Nevada and Arizona.
__________________
Art G is offline   Reply With Quote
Old 08-13-2008, 12:31 PM   #12
Full time employment: Posting here.
CitricAcid's Avatar
 
Join Date: May 2008
Posts: 546
Not sure how this will play out but it will sure dry up some of those available funds... I don't know enough about Longs Drug Stores Corporation.
__________________
CitricAcid is offline   Reply With Quote
Old 08-13-2008, 12:41 PM   #13
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
About Longs Drug Stores

Headquartered in Walnut Creek, California, Longs Drug Stores Corporation
(NYSE: LDG) is one of the most recognized retail drug store chains on the West
Coast and in Hawaii. The Company operates 521 retail pharmacies and offers a
wide assortment of merchandise focusing on health, wellness, beauty and
convenience. Longs also provides pharmacy benefit management services and
Medicare beneficiary prescription drug plans through its wholly-owned
subsidiary, RxAmerica, LLC. Additional information about Longs and its
services is available at Welcome to Longs Drugs
and more information about
RxAmerica is available at RxAmerica.com : Prescription Benefits Management - PBM
.
__________________
Art G is offline   Reply With Quote
Old 08-15-2008, 04:02 PM   #14
Recycles dryer sheets
popowich's Avatar
 
Join Date: Jun 2008
Location: Rochester
Posts: 84
I have not looked at their financial statements, but I can say that it is a place where women like to shop. There is a CVS near my house. I had never shopped there until my female housemate had dragged me in a couple times. Their shoppers appear to be 90% women. There is a convenience factor too since they are closer to home than other pharmacy's. I'm a believer in buying what you understand. If they have a plan to cater and target women, and make things in addition to picking up prescriptions and photos convenient, it seems like they would have a good thing going for them.

-Raymond
__________________

__________________
popowich is offline   Reply With Quote
Reply

« CELG | DBC »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Moral dilemma outside CVS shoe Other topics 25 02-27-2007 09:59 PM

 

 
All times are GMT -6. The time now is 08:59 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.