Profits Prescribed at CVS
We believe CVS Caremark (CVS) is a great business -- and with shares that have come down to a very attractive price. Over the past year, this company has been a big beneficiary of Walgreen's (WAG) decision to exit the Express Scripts (ESRX) network. As CVS gained Walgreen's customers, it enjoyed windfall gain in sales and earnings, and it has been upping its earnings expectations consistently throughout 2012.
The recent rapprochement and recombination between Walgreens and Express Scripts will undoubtedly slow this positive trend. But, as often happens in the market, the resulting selloff in CVS shares has been overdone, and overlooks the many strong attributes that this company brings to the table....586 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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