September 8, 2012
Walgreen (NYSE: WAG ) recently put up weak numbers and is blaming its fallout with Express Scripts (Nasdaq: ESRX ) for the trauma. While this is the case, it's easy to forget that it was Walgreen's own management that parted with Express Scripts at the end of 2011. After a rough patch, the two companies have agreed to play nice again, and Walgreen is filling Express Scripts prescriptions beginning this month.
However, that doesn't mean the bleeding will stop anytime soon. Walgreen pushed a lot of customers into competitors' arms, and those are hard customers to earn back. See more in the following video.
This whole sector isn't inviting to investors now, even despite the great dividends. If it's passive income you seek, look elsewhere. The Motley Fool has compiled a special free report outlining our nine top dependable dividend-paying stocks. It's called "Secure Your Future With 9 Rock-Solid Dividend Stocks." You can access your complimentary copy today at no cost! Just click here to discover the winners we've picked.