As the great investor Peter Lynch once suggested, investing in companies that you know well and interact with every day can be a great way to exercise an edge and make a profit. But that doesn't mean you should invest in every company you know well.

On that note, Walgreens Boots Alliance (NASDAQ: WBA) is a business that many of us are customers of, and often for many years. Yet it probably isn't the best choice for investors who prefer a standard buy-and-hold-forever approach. With that in mind, let's examine the stock and evaluate who it could be a good fit for and why.

While Walgreens' evergreen business model of operating retail pharmacies might make it seem like a safe stock to buy for those who are approaching retirement, in reality this company isn't a good fit for that purpose. Nor is it a great choice for a long-term holding; over the last 10 years, the total return of its shares was -76%.

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Source Fool.com