Could I Have Been Completely Wrong About CVS?
- Despite recent struggles, I remain bullish on CVS due to its potential for long-term growth and undervaluation, with a strong support level around $50.
- CVS faces challenges like high debt levels and declining margins, but restructuring efforts and improved star ratings offer reasons for optimism.
- The third quarter results showed revenue growth but significant declines in operating income and earnings per share, reflecting ongoing operational challenges.
- With low valuation multiples and potential for higher free cash flow, CVS presents a compelling investment opportunity, justifying a "Buy" rating.
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I have already asked in a previous article, if I am wrong about CVS Health Corporation (NYSE:CVS). The article was published in January 2023 and in the article, I wrote the following conclusion:
Without doubt, there are several risks
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- Ah_Meng·11-09I was once bullish on CVS but after the second revision down recently by the company, I dumped the stocks, just as the company rightly dumped its CEO. Best of luck…LikeReport