Friday, September 22, 2006

The Wal-Mart Effect

Today Wal-Mart announced they will begin selling 300 generic prescription drugs for as little as $4 for a month's supply. Walgreens and CVS stock fell significantly on the news. While it is not good news for them, it's great for the rest of the country.

When Wal-Mart decided to be a toy seller, they became the largest toy-seller in the country. They decided to get into the grocery business, and are making a run at the market leaders in that category.

Love 'em or hate 'em, Wal-Mart sells things for prices that are often less than the competition. And aside from Walgreens, CVS, and possibly drug makers, I think this is one price 'roll back' that people are going to be happy about.

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