Professional
Added to YB: 2024-10-29
Pitch date: 2024-10-25
WBA [bearish]
Walgreens Boots Alliance, Inc.
-31.6%
current return
Author Info
CrossingBridge Advisors is a fund that seeks high current income and capital appreciation consistent with the preservation of capital. Follow the founder on Twitter/X.
Company Info
Walgreens Boots Alliance, Inc. operates as a healthcare, pharmacy, and retail company in the United States, Germany, the United Kingdom, and internationally.
Market Cap
$10.4B
Pitch Price
$9.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.32
P/E
-1.64
EV/Sales
0.26
Sector
Consumer Staples Distribution and Retail
Category
turnaround
CrossingBridge Advisors Portfolio Holding: Walgreens Boots Alliance, Inc.
WBA short: Retail pharmacy faces reimbursement pressures, declining FCF (-$363M), $5B near-term debt. High fixed costs, low pricing power. $6.6B opioid liability. Poor capital allocation with impaired acquisitions. Downgraded to B1/BB. Misalignment between equity and bondholders. Short 3.2% 2030 bonds.
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