10-07-2013, 09:44 AM
Have a look at this press release about Walgreens entering the banking space.
I don't know if this is brilliant or scary. But when I read that my conservative, retail drugstore stock is launching "financial service products" I get a little nervous. Really it looks to be nothing more than a nicely packaged and marketed prepaid debit card program and, if it were widely used, could be a nice new source of revenue for WAG.
I don't know if this is brilliant or scary. But when I read that my conservative, retail drugstore stock is launching "financial service products" I get a little nervous. Really it looks to be nothing more than a nicely packaged and marketed prepaid debit card program and, if it were widely used, could be a nice new source of revenue for WAG.