Corin Clark

[Corin Clark @spring24CVSCFO]

@ProfLowell the value of CVS stock has declined significantly over the course of April, and is now at the lowest is has been for the entire year of 2024. This does not reflect well for CVS and creates concern for investors. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell Phamacy workers for CVS in Rhode Island have decided to attempt to unionize. This comes after a similar movement started in Nevada, and points to issues in CVS policy that are leaving employees dissatisfied and underrepresented. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell according to CVS the rate of pharmacy school applications has dropped ~60% in 10 years. This is concerning for the company because they heavily rely on pharmacists to staff their drugstore locations, and the company is already struggling with understaffing. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell Furthermore, funding the tuition of pharmacy students will increase the number of pharmacists in the country as CVS struggles to staff their pharmacies and is facing claims of illegal and dangerous understaffing. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell CVS has announced it will be expanding its scholarship tuition program for pharmacy students. This investment improves public image and makes pharmacy school a tangible option for student who would not be able to pursue a pharmacy education otherwise. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell On 3/27 CVS announced it would allocate over $3M to health services across the city of Phoenix. The money will be allocated to diabetes education & management, raise awareness about air pollution & lung disease, and expand suicide prevention services. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell CVS pharmacists (approx. 30) in Las Vegas, Nevada are seeking the right to join a union as conditions have worsened within pharmacies across the country. If this trend continues nationwide CVS will have to face the demands of their employees, and their unions #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell CVS has been closing numerous retail locations in major cities such as Washington DC & NYC due to an uptick in planned robberies, some arranged to take place during shipment delivery times. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell CVS stock value has seen many ups and downs in the past 2 years, but it has proudly seen a large increase in value since September 2023, jumping from a September low of $65.13 to $79.61 today. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell CVS has a current ratio of 0.86, which is lower than desired but still higher than competitors like Walgreens (current ratio = 0.66). Furthermore, CVS P/E=12.21 & Walgreens P/E=31.26, suggesting CVS is the better investment amongst the 2 competitors. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell CVS stock remains volatile this year, after similar trends over the course of 2023. The stock value is in the red for the year to date despite being up ($77.21) from the start of March ($73.84). #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell despite large amounts of debt most financial experts are not worried for the future of CVS Health. The company will celebrate its 61st anniversary in May with ~$250B in total assets. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell At the year end of 2023 CVS had capital gains of $9M & capital losses of $420M, leaving total working capital at -$11.3B. The company’s debt to equity ratio was ~0.8 & debt stood at $58.8B. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell Change within a business is inherently risky, and in our case requires large investments, but CVS remains positive that this expansion is necessary for continued growth, will bring healthcare services to many Americans & will be profitable for for CVS Health. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell CVS has been focusing on expanding healthcare services, which varies from the typical drug store business model CVS is most known for. This change within the company requires large investments and is risky, but has the potential to be very profitable. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell a CVS in Ohio is being sued for leaving their pharmacy illegally understaffed. This news follows that of a pharmacist passing at work. This news is upsetting for the company and public. Understaffing is a large problem & could explain recent pharmacy closures #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell On 2/22 CVS announced they would be contributing $35 million in equity investments to help fund 2 low income housing developments in Hawaii. Investments like this one aid in public relations and will hopefully attract customers to shop at CVS stores. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell the recent uptick in the value of CVS stock could be an indication of a growing value in the near future, after a tumultuous past year in the negative. Increase in stock value is a trend that experts have been expecting, and one that will hopefully continue. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell despite a negative performance in 2023 CVS stock is up $5.05 in the past 5 days. In the most recent month the stock is in the green, which is a positive trend. Unfortunately value of CVS stock for the year to date is down by $4.26. #Fin2209

[Corin Clark @spring24CVSCFO]

@ProfLowell recent news states a CVS pharmacist passed away at work from a heart attack she was aware of during her shift but continued to work with. This unfortunate news brings CVS into question & creates discussion about poor company policy and understaffing issues #Fin2209