Walgreens Boots Alliance, Inc. (WBA) Has Surprised Jim Cramer With Earnings

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is one of the Jim Cramer Warns Viewers About FOMO & Discusses These 19 Stocks.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is the embattled pharmacy retailer which is going private. Its shares have gained 24.6% year-to-date primarily on the back of its deal to go private. Cramer has frequently discussed the stock this year. In his earlier appearances, the CNBC host has praised the deal as he was worried that Walgreens Boots Alliance, Inc. (NASDAQ:WBA) would become a “zombie” otherwise. This time around he discussed the firm’s latest quarter and explained why the shares hadn’t moved despite the upbeat results:

“Positive news here in the M&A front. Walgreens. Sycamore’s buying them. They reported a very good quarter last night. First upside surprise that I can recall. Remember Sycamore’s getting the actual drug stores. But I think this is actually very hopeful for Sweeney and his team. I also think David that perhaps, they get to sell some of these healthcare clinic businesses and you’re gonna find that this is, it’s going to work. I can’t believe it.

“I know, that’s why I thought, if this quarter had been really bad I would have said oh boy, they bought more than they could chew. It did not happen. I also think that I am worried about Amazon, and I’ve said it to them over and over again, Amazon is your drugstore. But it’s good to see.”

A pharmacist discussing the health benefits of a prescription medication with a customer.

Cramer discussed Walgreens Boots Alliance, Inc. (NASDAQ:WBA) after Sycamore decided the acquire the firm. Here’s what he said:

“A few weeks ago, Walgreens decided to sell out to a private equity firm, a storied name. See you later. The company that’s buying them? Sycamore. I think this was a great deal for Walgreens because otherwise, I figured it would go the way of the zombie firm…. But let’s see if things have gotten better or if maybe, there’s some real buyer’s remorse. Nothing would shock me.”

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Disclosure: None. This article is originally published at Insider Monkey.