50% off Premium Yearly

NYSE:ABC
(A Top Pick April 11/12. Down 2.77%.) Hoping to hold this for 10 years. Pharmaceutical distributor to doctors’ offices and hospitals. This get them away from litigation risks and patent concerns and they don’t have to plough a lot of money into R&D. Revenues have been growing. Have been buying back about 10% of the float every year. Dividend has been rising at about a 20% clip over the last 5, 10, 20 years. When it hits $36, that’s when he usually steps in and buys more.
(He recommends you take a half position only because these Top Picks are trading at multiples that are higher than average, but are still attractive as long-term investments.) Distributes pharmaceuticals to hospitals and doctors offices. With the recent joint venture with Walgreen’s (WAG-N) and Alliance Boots in England, this gives them a new footprint into Europe. There is a lot of room for this company to grow.