Friday, March 11, 2011

CVS Caremark: This Marriage Turns Less Hellish, Finally submits:

Can CVS Caremark Corp?s (CVS) promise of rising dividends and share buybacks make up for its seemingly interminable struggles with a four-year-old acquisition?

It hasn?t so far. Investors clearly are fed up with the drug store company?s inability to properly integrate Caremark, a pharmacy benefits management company it purchased for $21 billion in 2007. Last month?s announcement of disappointing annual CVS earnings ? held down once again by Caremark ? led to familiar post-results selling in the shares.