I agree. I can't even believe how beaten up WBA and CVS are now. It's deserved, but they'll work their way out of it. That said, politics could complicate the recovery time. If AMZN was to get real aggressive right now it wouldn't be good either. Cutting drug margins some would go over very well with politicians and the public right now. AMZN could afford to do it with all their other projects that are profitable. The AMZN fear my be overhyped, but I don't think that it's nothing for WBA and CVS to be worried about either. It's going to be interesting. And I fail to see the AMZN drug moat. WBA and CVS can add online ordering if they choose to. Not everybody lives next door to a store.
As far as BMY, CELG, and any other major pharma, I have no long-term worries even if I went all in and overweight at today's prices. Anybody gets in real trouble they'll be acquired if they have any pipeline at all.
As far as BMY, CELG, and any other major pharma, I have no long-term worries even if I went all in and overweight at today's prices. Anybody gets in real trouble they'll be acquired if they have any pipeline at all.