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Industry Focus

Where the Money Is 12.03.2014

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 3 December 2014

⏱️ 11 minutes

🧾️ Download transcript

Summary

It's an all CVS episode of Where the Money Is. Did CVS make Santa's naughty or nice list? Michael Douglass and Todd Campbell tell you more.

Transcript

Click on a timestamp to play from that location

0:00.0

Nautier Nice, CVS, because this is where the money is.

0:04.0

Hi, my son's health care analyst Michael Douglas here with our health care

0:09.0

severe Todd Campbell in from New Hampshire.

0:11.0

Todd, how you doing today?

0:12.0

I'm doing really well, doing well.

0:14.0

All right, fantastic.

0:16.0

So every year, Consumer Reports puts out a naughty or nice list and well, we had a health company on on it which isn't always the case so

0:25.0

it's kind of fun we get to see one. CVS perhaps not surprisingly on the nice

0:29.2

list the naughty list usually includes well you know folks that maybe

0:33.7

companies that maybe folks don't like so much. CVS has kind of been on a halo effect

0:38.4

lately and of course the big news with CVS is this smoking cessation, you know, where they basically cut

0:45.0

out tobacco.

0:46.0

Todd, do a quick take.

0:47.8

Yeah, this was a big decision by them and it was a risk. I they do about 2 billion a year in sales from

0:56.1

tobacco products so you know removing tobacco products from the front of the

1:01.1

store I mean that's got a lot of investors

1:03.7

wondering hey what the heck are you doing? I mean how are you going to make up for

1:06.8

those sales? Well and particularly you know when you when you consider that

1:11.5

you know that to being in tobacco sales I mean if

1:14.0

someone is someone's not just buying a pack of cigarettes at a pharmacy right

1:17.9

they're buying a pack of cigarettes a people magazine you know a stick of gum

1:22.0

and I don't know a a candy bar, right?

...

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