CVS stock is up more than 15% after yesterday's results. While the results were not particularly good, they beat expectations. I sold the stock at the beginning of the year and I'm glad I did. The stock is up now, but I still don't like the fundamentals.
What's your take on $CVS?
I've changed my mind about the company so much and the fact that it's grown up now has made me happy, I've kept it in the red for about 2 years now. I'm still in it, but negligible anymore, about $25 and so the dividend income was higher. I want to get rid of the company, but again, I'm wondering if I should hold for a while longer until the dividends compensate for any decline. 🤷♂️
The stock was down for a long time, but the company has clearly recovered. But it's not an interesting investment for me.
I'm in profit, but I'll hold on to it. There's still a good dividend to offset any downside.