Is Walgreens Boots Alliance a Millionaire Maker?
Walgreens Boots Alliance (NASDAQ: WBA) is a household name in the healthcare industry. Consumers in America and worldwide have frequented their neighborhood pharmacies for generations.
However, the company has fallen on hard times. Clumsy efforts to expand the business scuttled the balance sheet and triggered a 90% decline from the stock's high.
The turnaround efforts have started. Management is slashing debt from the balance sheet, and there's hope for an eventual return to earnings growth. Investors are looking at a beaten-down stock with an 11% dividend yield today that could be a big winner, perhaps a millionaire maker if Walgreens gets back on its feet.
Source Fool.com
