Report
Vishnu Lekraj
EUR 101.80 For Business Accounts Only

Of All Undervalued Names in the Healthcare Distribution Space, We Currently Prefer McKesson

Healthcare-related distributors have had a rough couple of months, with the stocks of medical, dental/veterinarian, and pharmaceutical wholesalers falling by material amounts. Of note, dental/veterinarian distributor Patterson and medical distributor Owens and Minor have both fallen into materially undervalued territory. However, we believe investors should look to drug distributor McKesson as the better opportunity given its wide economic moat, clearer near-term operational outlook, improving q...
Underlying
AmerisourceBergen Corporation

AmerisourceBergen is a pharmaceutical sourcing and distribution services company. The company's Pharmaceutical Distribution Services reportable segment provides pharmaceutical distribution and additional services to physicians who focus on a variety of disease states, especially oncology, and to other healthcare providers, including hospitals and dialysis clinics. Additionally, this segment provides data analytics, outcomes research, and additional services for biotechnology and pharmaceutical manufacturers. This segment also provides pharmacy management, staffing and additional consulting services, and supply management software to a variety of retail and institutional healthcare providers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Vishnu Lekraj

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