What Did You Buy Today?

[vbin]

Added CVS. Anyone own qcom?


Sent from my Pixel 3 XL using Tapatalk

[Otter]

(04-17-2019, 10:02 AM)saimash Wrote: Any ideas on UNH this morning... I bought 50 shares of UNH yesterday @ 216... Put another limit order for 25 shares @ 205 today, but the market didn't bite... I think it is a great company for Long Term investment... But wanted your thoughts as well

It looks fairly valued, trading at roughly its 10yr average P/E. Could definitely go lower on concerns about single payer or other cost-limiting measures that are front and center in the 2020 political debate. 

Health care spending in the U.S. at the end of 2018 accounted for roughly 18% of GDP, or about $10,750/person. That's more than 20% more than the next-highest per-capita spender, Switzerland, and roughly double the average in OECD countries. We don't get a net benefit for all that extra spend, as our healthcare outcomes are typically worse than countries spending less per capita:

https://www.reuters.com/article/us-healt...SKCN1GP2YN

This makes health insurers an easy political target, as a middleman entity driving up the cost of healthcare between patients and providers. Medicare typically delivers services to beneficiaries at a lower cost than private insurance, due to its massive patient base, political clout, and attendant bargaining power to set reimbursement rates. A large part of the current political debate for 2020 is taken up with one side advocating for expanding Medicare or making it universal. That's a threat to private insurance, as such an outcome would shrink or eliminate their share of the pie. I'm not sure the market's perception of risk in this space is misplaced.

[Otter]

(04-17-2019, 10:27 AM)vbin Wrote: Added CVS. Anyone own qcom?


Sent from my Pixel 3 XL using Tapatalk

Own both. Been a nice couple days for QCOM.

[Binary]

Bought Abbv

[vbin]

Started a position in abbv again.

Sent from my Pixel 3 XL using Tapatalk

[stockguru]

We finally got some buying opportunities in the market. And there all
in the healthcare sector. Thanks Bernie lol .

[fenders53]

(04-17-2019, 10:30 AM)Otter Wrote:

(04-17-2019, 10:27 AM)vbin Wrote: Added CVS. Anyone own qcom?


Sent from my Pixel 3 XL using Tapatalk

Own both. Been a nice couple days for QCOM.

Congrats on QCOM, I know you rode it out for years.

[Otter]

(04-17-2019, 08:51 PM)stockguru Wrote: We finally got some buying opportunities in the market. And there all
in the healthcare sector. Thanks Bernie lol .

Yup. Added to CAH this morning. Have fewer long-term concerns about companies like them than I do with respect to for-profit health insurers. Distribution networks for medical devices/products and pharmaceuticals will be needed regardless of who is footing the bill, and they have already learned to operate on razor-thin margins. The opioid litigation/regulatory cloud will blow over eventually.

[divmenow]

Added a little more MRK and a new position in CAT

[crimsonghost747]

(04-18-2019, 09:00 AM)divmenow Wrote: Added a little more MRK and a new position in CAT

Interesting timing for CAT. Definitely a good company but kinda risky at in the current situation, don't you think?

[catnap88]

picked up some AMGN.

[Forticus]

added to PFE, HRL and CVS