Quick Look At Earnings
There was a huge early drop for generic healthcare companies. It took down McKesson (MCK), Cardinal Health (CAH) and AmerisourceBergen (ABC).
Losers: OPXA -68%. STON -44%. SNMX -43%. CEMP -20%. MCK -17%. NVO -14%. ABC -13%. CAH -11%. GT -9%. TDOC -6%. ABBV -6%. AMZN-5%.
I will keep an eye on this, I own Cardinal Health and they are due to report on Monday. All three rank very highly on Simple Safe Dividends, here are Cardinal’s stats:
Top notch safety and growth, the dividend is a very small portion of free cash flow.
The stock was already undervalued per Fast Graphs, this doesn’t even capture what today’s drop will due to the multiple. Looks like a solid opportunity for holders of any of the three companies.
