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cvs corp. - All News and Analysis
Walgreen, Rite Aid Shoppers Look For Basics in Dec
By Jessica WohlCHICAGO (Reuters) - Walgreen Co's WAG sales at drugstores open at least a year rose a better-than-expected 4.9 percent in December, as cash-strapped consumers continued to buy basics but shied away from holiday items.Meanwhile, Rite Aid Corp's RAD same-store sales slipped 0.2 percent as sales weakened later in...
Testing the Efficient Market Hypothesis on CVS Caremark
Saj Karsan submits: The Efficient Market Hypothesis (EMH) asserts that stock prices appropriately incorporate relevant information. As such, it isn't possible to generate market beating returns because the current price reflects available information. While it's not possible to completely disprove this theory (EMH theorists attribute the success of Warren Buffett...
CVS Caremark: A Prescription for Profits?
Paul Price submits: After recently closing on the acquisition of Longs Drugstores, [[CVS]] is now the largest integrated provider of pharmaceutical services. It fills over one billion prescriptions annually with over 6200 locations in 40 states. Its pharmacy benefits division is a leader in its field, nicely complementing the retail...
Walgreen Profit Misses View and CVS Stands By Outlook
By Jessica WohlCHICAGO (Reuters) - Walgreen Co WAG posted a smaller-than-expected quarterly profit and again cut its store opening plans, showing that after years of rapid growth, drugstores are being hit by the recession.Rival CVS Caremark Corp CVS also said it is seeing consumers cut back. CVS, which does not...
Rite Aid Posts Wider Quarterly Loss
CHICAGO (Reuters) - Rite Aid Corp RAD posted its sixth straight quarterly loss on Thursday as sales fell and charges rose, and said it expects to post a bigger loss this year as sales weaken due to the economic downturn.The drugstore chain said it lost $243.1 million, or 30 cents...
CVS: Calculated Acquisitions for Greater Market Share
CVS committed the capital necessary to push through major acquisitions, giving the company a market advantage going into the recession. The Move: CVS committed the capital necessary to push through major acquisitions, giving the company a market...
CVS Caremark Corporation F3Q08 (Qtr End 09/27/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Tom Gallucci - Merrill Lynch. Tom Gallucci - Merrill Lynch Going back to the PBM wins and losses revenue net neutral in past I think you’ve given a little color on the mix of the business particularly the mail order...
CVS Caremark Cites Numerous Inaccuracies in Antitrust Memo Submitted to Longs Board
WOONSOCKET, R.I. -- CVS Caremark Corporation (NYSE:CVS) today took strong exception with a memorandum recently submitted to the Board of Directors of Longs Drug Stores Corporation (NYSE:LDG) by a law firm retained by CtW Investment Group, as follows: We are aware that the Board of Directors of Longs recently...
CVS Caremark Comments on FTC Investigation into Anti-Trust Aspects of Walgreens Proposal to Acquire Longs
WOONSOCKET, R.I. -- In response to the press release issued earlier today by Longs Drug Stores Corporation (NYSE:LDG) regarding the investigation by the Federal Trade Commission into the antitrust implications of a possible acquisition of Longs by Walgreens, CVS Caremark Corporation (NYSE:CVS) issued the following statement: "The opening of...
The Short Selling Ban: Is CVS a Financial?
Todd Sullivan submits: So, when did CVS CVS become classified as a financial? The SEC has added CVS to the "short selling ban" that was initially restricted to financial companies. The reason? CVS, one of the biggest US drugstore groups, said on Thursday it was added to the list...
Wallstrip: CVS Caremark Corporation (CVS)
360 Degrees of Beauty...at CVS? CVS Caremark Corporation CVS
Walgreens vs. CVS: A Drug Store War Looms for Longs
CVS Caremark thought it had Longs Drug Stores in the bag after announcing a $2.61 billion merger agreement Aug. 12. But Longs' two biggest institutional owners pushed for a better offer, and on Friday they got one: Walgreens offered $3 billion for the West Coast chain. by Lisa Everitt
Status Report: Longs Drug Stores - CVS Caremark
The M & A Researcher submits: Pershing Square Capital Management sent a letter to Longs Drug Stores LDG Thursday (9/11) expressing its continued opposition to its merger with CVS Caremark CVS. Key passages for the letter are as follows: For the reasons outlined in this letter, we do...
Merger Watch: Longs Drug Stores - CVS Caremark
The M & A Researcher submits: As widely reported, CTW Investment Group has joined other major Longs Drug Stores LDG investors in openly questioning the valuation of the CVS Caremark CVS transaction -- particularly with respect to LDG's real estate holdings. This is precisely the type of shareholder concern...
15 Value Hedge Funds Portfolio Update
Mebane Faber submits: Are the top value hedge funds going to beat the market every quarter, or just outperform when the market is going up? Maybe we should ask Will Ferrell, errr, I mean Robert Goulet: by Mebane Faber
Health Benefit Providers - Industry Snapshot
Mike Havrilla submits:Health Benefit Providers: 33-Company Index Stats Health Benefit Providers: Top 5 Companies by Market CapHealth Benefit Providers: Top 5 Companies by Revenue The accompanying tables provide a snapshot of my 33-company Health Benefit Providers Index, which includes all types of pharmacy services (retail, mail order, institutional), pharmacy benefit managers,...
Hedge Fund Tracking: Tremblant Capital
Market Folly submits: Four times a year, hedge funds & asset managers with > $100 million AUM assets under management are required to report to the SEC their holdings from the previous quarter. I check these 13F filings quarterly just to get a sense as to where these funds are...
Ackman Scores Big on Longs Drug Stores
Lon Juricic submits: Bill Ackman just scored a major win with Longs Drug Stores LDG last night. CVS CVS announced that it would acquire the drug store chain for $71.50 per share, a significant premium to the $54.04 close. On August 5th, Ackman's Pershing Square disclosed an 8.8%...
Highly Defensive PerformIdex: 35 Stocks to Outpace the Markets
Mike Havrilla submits: The accompanying table presents a quarterly update of my Highly Defensive PerformIdex, with an average beta of 0.72 and a market cap-weighted total return of 7.9% over the past year, outpacing the overall market and ETF peer group -- except for Vanguard Consumer Staples VDC ETF with...
CVS Caremark Q2 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Scott Mushkin with Jefferies & Company. Scott Mushkin - Jefferies & Company A couple of questions here; maintenance choice, you hit on, Dave, in your -- I guess going over the quarter and selling season. What...
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- Caremark Inc. (92 results)
- Sales (54 results)
- stock (42 results)
- merger (36 results)
- Drugstore (36 results)
- Walgreen Co. (31 results)
- Finance (30 results)
- shareholder (26 results)
- Investment (19 results)
- Acquisition (18 results)
- Same-store Sales (18 results)
- New York Stock Exchange (18 results)
- pharmacy (18 results)
- Company (17 results)
- marketing (17 results)
- software (15 results)
- Nasdaq Stock Market Inc. (15 results)
- health care (14 results)
- HEALTHCARE (14 results)
- Benefits (14 results)
- board (14 results)
- dividend (13 results)
- financial (11 results)
- Wal-Mart Stores Inc. (11 results)
- Retail (10 results)
- revenue (9 results)
- network (9 results)
- blog (9 results)
- FTC (9 results)
- INTERNET (8 results)
- rite aid (8 results)
- benefit (8 results)
- Boston Globe (8 results)
- industry (8 results)
- PepsiCo (8 results)
- Microsoft Corp. (8 results)
- Medicaid (8 results)
- advertisement (7 results)
- Longs Drug Stores Corp. (7 results)
- Job (7 results)
- antitrust (7 results)
- Blue Cross Blue Shield (7 results)
- U.S. Senate (7 results)
- Albertson (7 results)
- computer (6 results)
- leader (6 results)
- security (6 results)
- women (6 results)
- retail company (6 results)
- Human Resources (6 results)
- Revenue (Fiscal Year) $76.3B
- Profit (Fiscal Year) $2.6B
- Incorporated: 1914
- CEO: Mr. Thomas M. Ryan
CVS Caremark sells prescription drugs and a variety of general merchandise, including over-the-counter drugs, beauty products and cosmetics, photo finishing, seasonal merchandise, greeting cards and convenience foods through its CVS/pharmacy® retail stores and online through CVS.com®. Also, Co. provides pharmacy benefit management, mail order services and specialty pharmacy services under the Caremark Pharmacy Services®, PharmaCare Management Services® and PharmaCare Pharmacy® names. At Dec 29 2007, Co. operated 6,301 retail and specialty pharmacy stores, 20 specialty mail order pharmacies, nine mail service pharmacies and 462 healthcare clinics in 44 states and the District of Columbia.
Competitors
Stock Quote
Board of Directors
Mr. Thomas M. Ryan Chairman
Mr. C.A. Lance Piccolo
Ms. Sheli Z. Rosenberg
Mr. Richard J. Swift
Mr. Terrence Murray Lead Director
Mr. Edwin M. Banks
Mr. C. David Brown II
Mr. David W. Dorman
Ms. Kristen E. Gibney Williams
Ms. Marian L. Heard
Dr. William H. Joyce
Mr. Jean-Pierre Millon
NAICS Code
Pharmacies and Drug Stores: 446110
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