Feels like one of the biggest underrated bull cases for CVS right now.
Walgreens is closing stores, Rite Aid is basically shrinking nonstop, and CVS is kind of the last major nationwide pharmacy chain still standing with scale. Seems inevitable they pick up prescriptions, foot traffic, and maybe even better leverage with suppliers over time.
Question is whether that actually moves the needle enough to matter, or if retail pharmacy margins are still too weak for it to show up in earnings in a big way.
Is CVS quietly becoming the default winner in retail pharmacy or is this a value trap with better branding?