Brian Sozzi of Wall Street Strategies is out with a
research report on Walgreens (NYSE:
WAG) and the term "food desert."
In the note, Sozzi writes, "A food desert is a spot located in an economically sensitive urban setting where access to fresh, affordable food is hard to find. Wal-Mart (
WMT) brought the term into popular use months ago in its ongoing attempt to finally enter the NYC retail market and in announcing countless fresh food initiatives. Since then, food desert has receded into the background, which we find interesting given the apparent hiccup in the economic recovery that began during the summer and continued rise in food stamps usage/poverty levels in the country. Today, Walgreen (
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