Activism at CVS
It was just the end of January that I let CVS go from my Helical port in favor of Medco Health. I like CVS, but it wasn't performing and Medco was a purer play into pharmacy benefits management. I like PBM both for its business and its important position in the movement for integrated health IT. The brick and mortar CVS is nice too, and I like the use of minute clinics within them to drive traffic and revenues, but clinics are showing up in Wal-marts and Targets as well. [Wish some of these clinics would IPO].
Well CVS is back in the Helical port. The reason is the news that a successful activist group is involved and encouraging change. Could be enough to get this going over the next couple of years. Since TMFDeej brought this to my attention before I noticed the stories, lets go blog to blog for more.
So, CVS which I sold 1/31 75sh for ~$34.20, I buy back on 4/7 100 sh @~35.62. More for more. I'm willing to be fickle given reason.
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