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

To: Freedom Fighter who wrote (6618)	4/7/1999 10:46:00 PM
From: James Clarke	Read Replies (3) \| Respond to of 78529

Wayne, health care is one of the industries I just try to avoid because I know zippo about the products. But from an industry structure standpoint, every medical device company I ever looked at looked like an accident waiting to happen. And many of those accidents did happen a year or so later. Quick product cycles and minimal barriers to entry. The drug companies are a different story and that is why they trade at higher valuations. I think this may be a case where you get what you pay for. Not that I'd buy them at these valuations. If you really want to walk on the edge, there are a lot of elder care companies that have gotten murdered. Genesis, for example (and no, I would not touch that stock either). You have to like debt though. Happy hunting. JJC