On March 17, 2011 a hedge fund manager and contributor on the show Fast Money on CNBC thinks CVS stock is a value. He sees major costs savings going forward due to the merger with Caremark.
”If you look at the sum of the part analysis the stock should trade $42-$46 over the next 12-18 months.”
Other top hedge fund managers including George Soros, Joel Greenblatt of Gotham Asset Management and John Keeley, of Keeley Asset Management also hold it.
The stock price has dropped slightly since that time due to an earnings report by Walgreens that disappointed analysts.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment