Jim Cramer’s Game Plan: 10 Stocks in Focus

2. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Number of Hedge Fund Holders: 46

Discussing Walgreens Boots Alliance, Inc.’s (NASDAQ:WBA) decision to go private, Cramer said:

“A few weeks ago, Walgreens decided to sell out to a private equity firm, a storied name. See you later. The company that’s buying them? Sycamore. I think this was a great deal for Walgreens because otherwise, I figured it would go the way of the zombie firm…. But let’s see if things have gotten better or if maybe, there’s some real buyer’s remorse. Nothing would shock me.”

Walgreens (NASDAQ:WBA) is focused on healthcare, pharmacy, and retail. It offers services such as retail drugstores, health products, pharmacy care, and specialty services. Ariel Investments stated the following regarding the copanny in its Q4 2024 investor letter:

“Also in the quarter, we re-initiated our position in retail drugstore operator, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) following the wash sale period for tax loss selling. Recent news reports suggest there is potential interest by a PE firm to take WBA private. We believe the strategic value of WBA’s nationwide footprint and future growth opportunities has substantial upside at today’s valuation. We did not exit any positions in the quarter.”