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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (18620)2/4/2004 8:10:44 AM
From: gcrispin  Respond to of 79164
 
Thanks for the info on the GS report. I will check it out.. MCK is not the perfect investment. I don't like the high salaries paid to management, and the quarterly report was very confusing. To be honest, ABC presents a clearer business plan in their CCs. I suspect that ABC will have one time wrtie-offs and charges with the unwinding of the VA account. Maybe I am being too conservative, but I want to see where that goes.

That said, there are some interesting parts to MCK. Their IT side for hospitals is a small, but growing business. I was very impressed with MCK's presentation at the JP Morgan Health Care Conference. Check it out to see if it is still offered online.

The CSCO report should bring back money to the more defensive stocks today.



To: Spekulatius who wrote (18620)2/4/2004 9:25:12 AM
From: gcrispin  Respond to of 79164
 
One last comment. I heard the ABC CEO say that they expect the new Medicare prescription plan to be worth 10 billion dollars and they expect to capture 25% of that business. The federal government is already raising estimates on how much it will cost. We'll see what the final bill is in 2006.


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