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Healthcare is one of the larger sectors in the S&P 500 and could push it further above. Earnings Growth in Healthcare are optimistic double digits for CY2017 but respectable 6.5 per cent growth over the next 12 months. Healthcare trading at below the market average P/E and looks particularly attractive trading below its 3 year average at just 16X forward earnings. Healthcare looks to have potential not only from earnings growth but multiple expansion. Just thinking out loud here......MT has invested by spending more monies and aquireing the rights to new drugs as per last quarter results I do not believe he would have aquired these drugs if the finacial position was not good. Yes there is a lot of debt yes it is a very high risk stock in these times but MT is moving forward trying to move the company in a better finacial position for the future. His actions say that concordia can handle their current finacial position.
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