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


To: Paul Senior who wrote (52906)11/30/2018 1:50:23 PM
From: Paul Senior  Read Replies (2) | Respond to of 78682
 
LH - Laboratory Corp. of America - "slips on lowered guidance"

Company now see "adjusted" earnings of about $11 for 2018. That puts the p/e with today's stock drop at 13x. Ten year median p/e is 16.6. ROE has danced around, often though over 20%. (A possible Greenblatt stock now). As discussed here previously, those same business risks apply: competition from both entrenched players and new entrants, plus willingness/desire for hospitals to do testing/screening themselves internally.

I add a few shares to my position (first add since 2014).

finance.yahoo.com