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There’s not a lot happening on the earnings front this week but one stock that I own that is reporting is Walgreens (WBA). The stock has been a disaster for me but it may be bottoming. On October 10, the company announced the appointment of a new CEO Tim Wentworth. On October 12, WBA announced 4QFY23 earnings. In conjunction with that report, WBA guided FY24 adjusted EPS to $3.20-$3.50. At a closing price Friday of $26.11 the stock is trading for less than 8x forward EPS. It also pays a 48-cent quarterly dividend which works out to 7.35% annualized. If WBA can just report an inline quarter on Thursday morning, I think the stock could finally be on its way…..

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