Walgreens Boots Alliance, Inc. (WBA)’s Shutting Down A Lot Of Stores, Says Jim Cramer

We recently published 12 Latest Stocks On Jim Cramer’s Radar. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is one of the stocks Jim Cramer recently discussed.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is a pharmaceutical retailer whose shares are up this year primarily due to its acquisition by Sycamore Partners for a $10 billion price tag. The deal came after months of business struggles, which forced the firm to reduce its operating footprint. Cramer’s previous comments about Walgreens Boots Alliance, Inc. (NASDAQ:WBA) have discussed the specifics of the deal. Here are his latest thoughts:

“[On a Baird upgrade] I think that they are the last man standing, with Rite Aid pulling back and Walgreen, they’re shutting a huge amount of Walgreen since they were sold. I think that by the way, David Joiner, non-promotional. Did a remarkable job in terms of health insurance. They are the one to bet on if you want to be in that area. I don’t want to be in that area after reading Semblest let’s just put a gun to my head with five bullets I don’t want to go there, just bad ratio.”

Here are Cramer’s previous thoughts about Walgreens Boots Alliance, Inc. (NASDAQ:WBA):

“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.

Walgreens Boots Alliance, Inc. (WBA)'s Shutting Down A Lot Of Stores, Says Jim Cramer

Photo by Christiann Koepke on Unsplash

“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.”

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