[Red in Blue PA]

ANY company CEO who decides to give up TWO BILLION dollars in this horrible economy should be canned. Immediately.

If not, I would be an immediate seller of the stock.

The CEO should be only interested in getting as much revenue through the door as possible. THAT IS HIS/HER ONLY JOB.

[Labyrinthos]

ANY company CEO who decides to give up TWO BILLION dollars in this horrible economy should be canned. Immediately. If not, I would be an immediate seller of the stock. The CEO should be only interested in getting as much revenue through the door as possible. THAT IS HIS/HER ONLY JOB.

By geting rid of tobaco products, CVS will have more shelf space for healthy products like beer, wine, Doritos, Pringles, and other artery clogging waist enhancers.

[tanknetter]

*sigh*, haven’t we covered this before, somewhere else?

CVS isn’t giving up $2 billion in revenue. From their perspective they’re trading $2 billion in revenue from a low margin, declining product (tobacco) for $2 billion from a high margin rising product (health services and the associated revenue from filling prescriptions written in their stores.

And that’s just the first year. They’re projecting that they will see gross and net increases in the following years, while sales of tobacco products continue to decline.

Yes, it poses a possible risk, but only if the health services aspect doesn’t pan our. So it’s still a good bet/decision from a practical business standpoint.