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The Company's current operations are grouped into two businesses: Retail Pharmacy and Pharmacy Benefit Management.
Company just announced discontinuing the sale of cigarettes. Okay, so why be optimistic about a company that is cutting out a lot of revenue... because it shows me that they are truly thinking strategically for the long-term (not just quarter to quarter). They are trying to convert themselves into a medical provider, not just a place to buy asprin, milk and a birthday card. I can see them further expanding their Minute Clinic concept into other areas, which should help profitability quite a bit.
Americans United for Separation of Church and State (which has an enormous following on Facebook) recently published a post about CVS' policy to allow pharmacists in some of it's stores to refuse access to contraceptives if this violates their religious beliefs. Similar to what happened in Arizona, this could cause an enormous backlash. http://rhrealitycheck.org/article/2014/02/27/dear-cvs-real-health-care-company-guarantees-store-access-birth-control/Here is a company spokesperson's statement: "We respect the deeply held personal beliefs of our pharmacists if they have an objection to filling a given medication. Our policy is that … [if another pharmacist] … is not on duty, the pharmacist must contact a nearby pharmacy, whether it is another CVS or a competitor, in order to refer the customer there to have the prescription filled."
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