Walgreens Stock Near 25-Year Low Despite High Dividend Yield and Turnaround Efforts
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Walgreens Boots Alliance's stock is near a 25-year low despite having a nearly 9% dividend yield.
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Issues weighing on the stock include slowing sales growth, new pharmacy competitors, CEO departure, and a heavy debt load.
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However, Walgreens is cutting costs, investing in digital initiatives, expanding healthcare services, and hiring a new CEO with healthcare experience.
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At a forward P/E ratio below 6, Walgreens stock is the cheapest it has been in at least a decade.
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The author has quadrupled his position in Walgreens recently due to its low valuation and long-term growth potential.