Agreed, been long CVS since $73. The difference in valuation and DGR was plain to see, plus CVS announced they were dropping tobacco.
(07-13-2015, 10:04 AM)earthtodan Wrote: [ -> ]Agreed, been long CVS since $73. The difference in valuation and DGR was plain to see, plus CVS announced they were dropping tobacco.
Yeah, its quite a valuation gap. Not sure what effect the tobacco policy will have. I think it was more show than substance.
Here is a write-up I did on CVS Health.
Recent Buy: CVS Health
I bought a position last week, its valuation is beginning to look attractive. Yield is a bit low, but the double-digit EPS growth helps make up for it.
(09-09-2016, 01:25 PM)EricL Wrote: [ -> ]Here is a write-up I did on CVS Health.
Recent Buy: CVS Health
I bought a position last week, its valuation is beginning to look attractive. Yield is a bit low, but the double-digit EPS growth helps make up for it.
Thanks for the article Eric. I've been watching CVS for the past couple of months and I believe its around fair value here in the low 90s.
I'm planning to initiate a position in the next couple of days. Hopefully the market continues Friday's downtrend and I can get it a little cheaper.
(09-11-2016, 02:25 PM)Caversham Wrote: [ -> ]Hopefully the market continues Friday's downtrend and I can get it a little cheaper.
It looked promising at the start, but reversed pretty sharply mid-morning. Seems like volatility may be picking up a bit of late.