Today, Austin discusses three reasons for investors to consider selling Walgreen (WBA -1.33%). The Express Scripts fallout continues to plague the company, creating a gap in the bottom line larger than many investors originally thought. In addition, Walgreen struggles to keep up with the competition. CVS, with its own PBM and more modernized stores, beats Walgreen on a number of counts, while grocery stores and broad-line retailers such as Wal-Mart eat up even more market share. Finally, Austin hates the company’s $6.7 billion acquisition of Alliance Boots, which he suggests could be even bigger if they decide to purchase the remaining 55% in a few years.
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