I don't know. Is this a bottom or is this a value trap?
Earnings are Oct 15th.
Seems a bit oversold to me.
They did sell shares of Cencora for 1.1 Billion in August (has 4 billion more)
Walgreens will close 25% of its stores in the next 3 years
Will they sell Boots UK? Or IPO it? There are potential buyers still.
I used to love Walgreens - but it kinda sucks now.
Is all the bad news priced in already?
13% of float is shorted (short squeeze?)
Book value $15.80
LASTLY
There are a shit ton of open gaps above, which WBA usually tends to fill.
1. Will buy a few lotto earnings calls. The 10/18 $7.50 in the money calls and
some $10 out of the money.
2. Will buy some Jan 17 2025 $12.50 calls
3. Will buy some Jan 16 2026 $20 leaps
Nothing too crazy, just looking for some positive momentum from the
upcoming earnings and lets see if Wentworth can turn this ugly boat around.
Lemme know what ye thinks (ye?)
GLTA