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The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 27 June 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

One key ingredient in Warren Buffett’s “Secret Sauce” is stocks that pay a dividend, but then you’ve got to let them simmer for a very long time. (00:21) Jim Gillies and Ricky Mulvey discuss: - Walgreens Boot Alliance’s disappointing 3rd quarter. - The pharmacy chain’s turnaround story. - What to look for in investor presentations. - Why investors are cheering Brookfield’s $4.3 billion bid for life insurance company, American Equity. Plus, (11:54) Robert Brokamp and Matt Argersinger discuss the fundamentals and tradeoffs of owning dividend payers. Companies mentioned: WBA, BN, BAM, AEL, KO, AMX, MO, HD, AOS, PLD Links: Rule Your Retirement article: https://www.fool.com/premium/rule-your-retirement/coverage/1062/coverage/2023/05/26/how-buffetts-secret-sauce-could-pay-for-your-retir/ Dividend Knights list: https://docs.google.com/spreadsheets/u/1/d/1-OPCz9pXOcgFqmbMR3wxREg4O7ws_qWW8RWqKPYn1D4/edit#gid=0 Host: Ricky Mulvey Guests: Jim Gillies, Robert Brokamp, Matt Argersinger Engineer: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	[♪ OUTRO MUSIC PLAYING [♪
0:05.2	Walgreens takes its medicine, and you're listening to Motley Full Money.
0:21.0	Joining us now in high definition, it's Jim Gillies, good to hear you and see you.
0:25.5	It's good to be heard and seen.
0:27.7	Walgreens boot alliance, disappointed investors this morning with its third quarter results.
0:33.0	Beat revenue expectations, but it's slashed earnings, guidance.
0:36.8	The stock is down about 9-10% as of this morning.
0:40.8	Jim, why was the market surprised that the pandemic tailwinds have worn off for this company?
0:47.2	Honestly, I don't know.
0:48.8	They've worn off for everyone else at this point.
0:51.2	You think that this should have, as well, been already embedded in there.
0:55.6	But you say that they disappointed investors this morning.
0:59.5	As I prepped for this show, I got my first ever attempt to look at this company ever.
1:04.8	I've never really looked at it.
1:06.3	And my somewhat spicy take is they've been disappointing investors for the last decade.
1:11.6	I don't know why they're getting upset this morning.
1:14.0	Yeah, I think it's been cut in half over the past five years.
1:17.3	That includes the pandemic bounce.
1:19.0	Well, now CEO Rosalind Brewer is announcing a transformational cost management program.
1:24.6	Maybe that'll get your attention.
1:26.6	The company is expecting $800 million in savings over the next year and taking a wide approach
1:32.2	to healthcare delivery for growth and primary care, specialty pharmacy.
	...

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