Feels like CVS stock is trading more on management credibility than fundamentals right now.
Every earnings miss and Medicare issue crushed investor confidence, but the new leadership team seems way more focused on cost cuts, execution, and stabilizing the insurance side.
If management can actually clean things up, this stock probably rerates higher fast. If not, CVS could stay stuck as a “cheap for a reason” stock.
Anyone else think the turnaround depends more on leadership than the actual business at this point?