The YouTuber advises investors to continue avoiding Walgreens, labeling it a 'value trap.' He argues that Amazon's existence makes Walgreens an unattractive investment, as Amazon performs all of Walgreens' functions more efficiently and profitably, including pharmacy services. He sees no potential for a turnaround for Walgreens as Amazon continues to grow.
“Walgreens has been a disastrous investment it's been a value trap and a company that I think investors should continue to avoid Walgreens is now saying that they're going to close a substantial number of poorly performing stores and pulling back on the company's plunge into the primary care business you know I could go into Walgreens and go over all their troubles and concerns and woes this company faces but it's really simple why invest in Walgreens when Amazon exists I would never invest in a company like Walgreens so long as Amazon exists Amazon basically does every single thing that Walgreens does except they do it better and more efficiently they do it with a better customer base they do it more profitably Amazon is a destroyer of Walgreens Amazon sells almost everything Walgreens sells except for grocery and Walgreens doesn't sell a lot of grocery Amazon is also in Pharmacy which is another major part of Walgreens I don't believe there will be any turnaround for Walgreens this company is going to continue to struggle as Amazon grows” — ▶ 28:30