Walgreens Boots Alliance (NASDAQ: WBA) needs a way to convince investors that it has a plan to turn things around. The business isn't doing well. There are doubts surrounding its dividend. Meanwhile, the company is focusing on expanding as it continues to launch primary care clinics at its stores.

The business looks to be struggling badly and the stock has been in free fall for years. But with management committed to making more cost reductions, could this be an underrated investment to buy right now?

Last week, Walgreens reported its year-end numbers for the fiscal year ended Aug. 31. Quarterly revenue of $35.4 billion rose 9% year over year but the company still incurred a net loss of $180 million. Although that was an improvement from the $415 million loss it reported in the prior-year period, it's a sign that the business still needs to reduce more costs.

Continue reading

Source Fool.com