If You Invested $1,000 in CVS Health During the Last Recession, This Is How Much You Would Have Today
When people think of CVS Health (NYSE: CVS), they probably think of the company's ubiquitous pharmacies, of which there are nearly 10,000 in the United States.
CVS was once part of the Melville Shoe Corporation, which began as a three-store chain in 1892. Just as CVS is no longer in the shoe business, the company has evolved into much more than a pharmacy business.
CVS said it made $256.7 billion last year, a 32% rise over 2018. Its biggest revenue driver is its pharmacy services group, which gets revenue from employers, insurance companies, and health plans. Basically, CVS uses its bargaining position to buy bulk drugs at a discount and then shares the savings with its clients.
Source Fool.com
