Friday, February 8, 2013
Who doesn't love drugs?
My pick is Abbott Labs, a major player in the drug space with Merck, Glaxo, Pfizer, J&J, etc. We've had success in the health sector (HNT, BSX) and this country spends more on insurance and med products than any other in the world. The numbers make sense- 9 PE and a $34/s price tag. The stock has been on a steady include for the past three years and pays a heavy $2/yr dividend. There are more filled prescriptions today than there has ever been and that number will continue to grow. We've consistently done well in the health sector and until Obamacare is straightened out, we'd be crazy to abandon this investment category.
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