The New Reality is The old RealityHealthcare is the largest industry in the US.
It is also the largest industry in the Western World.
And elsewhere .
It also has the highest and most predictable growth.
Where else would you invest with such a risk averse outlook.
Where else is age demographics so over whelmingly on your side ?
No where.
Its why the short and distort campaign targeted this sector.
It has been devastated.
VRX, CXR , HZNP, END etc have market caps just 24-30% where there were less than 8 months ago.
Yet their fundamentals have not changed.
Guidance has not changed.
Current valuations are aberrant by a factor of just over 3.
Its not warranted.
Lets take CxR .
Organic growth of 20% or more for at least the next pentade.
Highest margins in its niche .
Highly diversified with no single drug accounting for 10% of net sales.
Largest product pipeline in the industry.
Pays a dividend .
Trades at 4 times earnings.
Value always emerges.
Value and growth is irrepressible for astute investors .
And you just gotta be invested in the world's largest business