Wrong on Longs…
Thursday, August 14th, 2008Shortly before CVS Caremark (CVS) announced that it was buying Longs Drugs (LDG) for $2.9 billion on Tuesday, I spotted this story, which had Credit Suisse analyst Edward Kelly downgrading the stock because it was overvalued, in part due to merger speculation. According to the Associated Press, Kelly wrote in the research note that the [...]

