Yesterday I posted about the CEO of CVS getting a 30% increase in pay as well as the stock holders getting a 30% increase in dividends LET THEM EAT CAKE !
From recently released revenue statement from CVS… the company posted a ~ 20% gain in EPS ( earnings per share) … so how does the math work .. that a company has a 20% increase in profits and increases payouts to the CEO and stock holders by 30%… FUZZY MATH ??
http://investor.cvs.com/phoenix.zhtml?c=99533&p=irol-newsArticle&ID=1844878&highlight
CVS Caremark Reports Record Second Quarter Results
WOONSOCKET, R.I., Aug. 6, 2013 /PRNewswire/ — CVS Caremark Corporation (NYSE: CVS) today announced operating results for the three months ended June 30, 2013.
Second Quarter Year-over-year Highlights:
- Operating profit increased 15.2% to approximately $2.0 billion
- Adjusted EPS increased 19.6% to $0.97; GAAP diluted EPS from continuing operations increased 20.8% to $0.91
- Retail pharmacy same store prescription volumes increased 1.8%, or 5.0% on a 30-day equivalent basis
- Retail pharmacy same store sales increased 0.8%; total same store sales increased 0.4%
Year-to-date Highlights: Generated free cash flow of $1.7 billion
- Cash flow from operations of $2.5 billion
According to this website https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=insidertrends&symbols=CVS
Here are the top 10 insiders total stock holdings… who are getting a 30% increase in dividends WOO WHOO !
Filed under: General Problems
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