McKesson Corp (MCK-N) Stock Predictions - Stockchase
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McKesson Corp (MCK-N)

ON STOCKCHASE SINCE Jul 2002

Pharmaceutical distribution.

wholesale distributors

McKesson Corp

MCK-N

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McKesson Corp (MCK-N) SAVE Apr, 19, 2019, 8:32 am

114.10 1.61 (1.43%)

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DON'T BUY
McKesson Corp(MCK-N) 

January 8, 2019

Not a big fan of the drug distributors. Generics pricing headwind, costs, political overhang, there is a number of fundamental flags for them. He would stay away from this. They don't buy declining charts. They want to see strong fundamentals confirmed by positive price action. Loves healthcare but prefers a broad basket of healthcare funds. Biotechs are a little weaker but devices and managed care are fantastic. Healthcare will underperform, but still go up, they like that kind of quality trade in a market that they are a little suspect of.
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Not a big fan of the drug distributors. Generics pricing headwind, costs, political overhang, there is a number of fundamental flags for them. He would stay away from this. They don't buy declining charts. They want to see strong fundamentals confirmed by positive price action. Loves healthcare but prefers a broad basket of healthcare funds. Biotechs are a little weaker but devices and managed care are fantastic. Healthcare will underperform, but still go up, they like that kind of quality trade in a market that they are a little suspect of.
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Cameron Hurst

Chief Inve, Equium Capital Manag...

Price Price
$117.710
Owned Owned
No

COMMENT
McKesson Corp(MCK-N) 

December 3, 2018

He exited. They distribute drugs, a price x volume business, with retail pharmacy (Rexall) outlets in Canada as well as another chain in Germany. The stock is cheap, but the overall business is in the process of changing as the discussion in the States shifts from high drug prices to rebates. That's why he's on the sidelines of the drug distributors. Also, branded drug prices are rising 6-8%, but generics are falling 8-10% annually--that's begative. He's on the sidelines of this sector. Keep an eye on generic pricing.
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He exited. They distribute drugs, a price x volume business, with retail pharmacy (Rexall) outlets in Canada as well as another chain in Germany. The stock is cheap, but the overall business is in the process of changing as the discussion in the States shifts from high drug prices to rebates. That's why he's on the sidelines of the drug distributors. Also, branded drug prices are rising 6-8%, but generics are falling 8-10% annually--that's begative. He's on the sidelines of this sector. Keep an eye on generic pricing.
wholesale distributors
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Paul Macdonald

Chief Inve, Harvest Portfolios G...

Price Price
$127.160
Owned Owned
No

DON'T BUY
McKesson Corp(MCK-N) 

December 19, 2017

This has been a very successful operation. The 5th largest corporation in the US, and doing extremely well. 60 Minutes recently did a profile on their distribution of opioids to pharmacies/dispensaries where the DVA thought they should have known there were some orders that were not legitimate and were going to cartels and illegal drug distribution networks. He thinks this has some legs, so he would not venture into this company.

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This has been a very successful operation. The 5th largest corporation in the US, and doing extremely well. 60 Minutes recently did a profile on their distribution of opioids to pharmacies/dispensaries where the DVA thought they should have known there were some orders that were not legitimate and were going to cartels and illegal drug distribution networks. He thinks this has some legs, so he would not venture into this company.

wholesale distributors
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Gordon Reid

President, GoodReid Investment ...

Price Price
$159.970
Owned Owned
Unknown

COMMENT
McKesson Corp(MCK-N) 

October 26, 2017

Why is this down?60 Minutes did a story on the 3 large drug distributors, Mckesson, Cardinal Health (CAH-N) and Amerisourcebergen (ABC-N), that they are contributing to the opioid crisis. Or it could be that there hasn’t been much earnings growth over the past year because of pricing pressure, especially on generic drugs. He is bullish on drug distributors over the long run, and doesn’t think these stocks are going to turn around anytime soon.

wholesale distributors
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Why is this down?60 Minutes did a story on the 3 large drug distributors, Mckesson, Cardinal Health (CAH-N) and Amerisourcebergen (ABC-N), that they are contributing to the opioid crisis. Or it could be that there hasn’t been much earnings growth over the past year because of pricing pressure, especially on generic drugs. He is bullish on drug distributors over the long run, and doesn’t think these stocks are going to turn around anytime soon.

wholesale distributors
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John Burke

CEO & CIO, Burke Financial Stra...

Price Price
$143.540
Owned Owned
Unknown

DON'T BUY
McKesson Corp(MCK-N) 

September 14, 2017

He sold last year.  They are one of the bigger drug distributors.  They own Rexall.  They diversified their business.  They are mostly a wholesale drug distributor, taking the drug from the manufacturer to the hospital or retail pharmacy.  He is bothered by generic pricing.  Drug spending is about 10% of healthcare expenditures.  The next leg of political rhetoric is the pharmacy benefit managers and distributors.  This is his favourite, but he is on the sidelines.

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He sold last year.  They are one of the bigger drug distributors.  They own Rexall.  They diversified their business.  They are mostly a wholesale drug distributor, taking the drug from the manufacturer to the hospital or retail pharmacy.  He is bothered by generic pricing.  Drug spending is about 10% of healthcare expenditures.  The next leg of political rhetoric is the pharmacy benefit managers and distributors.  This is his favourite, but he is on the sidelines.

wholesale distributors
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Paul Macdonald

Chief Inve, Harvest Portfolios G...

Price Price
$151.680
Owned Owned
No

COMMENT
McKesson Corp(MCK-N) 

September 6, 2017

He looked at this very intensely a couple of years ago, and decided not to invest. There was no question that the generic inflation trend that had propelled the bottom line, the margin, in many of these companies was coming to an end. Since then, many of these companies have had to deal with significant headwinds. Prefers others.

wholesale distributors
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He looked at this very intensely a couple of years ago, and decided not to invest. There was no question that the generic inflation trend that had propelled the bottom line, the margin, in many of these companies was coming to an end. Since then, many of these companies have had to deal with significant headwinds. Prefers others.

wholesale distributors
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Stephen Groff

Principal , Cambridge Global Ass...

Price Price
$152.090
Owned Owned
No

COMMENT
McKesson Corp(MCK-N) 

May 10, 2017

This has 2 main business lines. They are a wholesale distributor, and as well, they own some pharmacies. A couple of quarters ago, they indicated they were seeing price pressures, and then he listened to the Amerisourcebergen (ABC-N) and it wasn’t quite the same language. This gave him a little pause, and sold his position in January. They are exposed to generic drug prices, which are coming down. Expect this is a sector that will be getting more scrutiny from the US political regime.

wholesale distributors
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This has 2 main business lines. They are a wholesale distributor, and as well, they own some pharmacies. A couple of quarters ago, they indicated they were seeing price pressures, and then he listened to the Amerisourcebergen (ABC-N) and it wasn’t quite the same language. This gave him a little pause, and sold his position in January. They are exposed to generic drug prices, which are coming down. Expect this is a sector that will be getting more scrutiny from the US political regime.

wholesale distributors
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Paul Macdonald

Chief Inve, Harvest Portfolios G...

Price Price
$143.230
Owned Owned
No

TOP PICK
McKesson Corp(MCK-N) 

April 24, 2017

A very big player, and has long been a leader.  The stock is a long way down from its high.  She thinks this company and stock will come back strong.  It is a beautiful entry point for it.  (Analysts’ target: $151.00).

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A very big player, and has long been a leader.  The stock is a long way down from its high.  She thinks this company and stock will come back strong.  It is a beautiful entry point for it.  (Analysts’ target: $151.00).

wholesale distributors
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Liz Miller

President, Summit Place Financi...

Price Price
$136.150
Owned Owned
Yes

COMMENT
McKesson Corp(MCK-N) 

February 22, 2017

One of the top 3 distributors of drugs in the US. A very high volume, low margin business. They indicated they were transitioning into the retail side by acquiring 2200 retail pharmacies in Europe as well as IDA in Canada. They are exposed to the generic drug pricing, so he opted to stand on the sidelines.

wholesale distributors
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One of the top 3 distributors of drugs in the US. A very high volume, low margin business. They indicated they were transitioning into the retail side by acquiring 2200 retail pharmacies in Europe as well as IDA in Canada. They are exposed to the generic drug pricing, so he opted to stand on the sidelines.

wholesale distributors
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Paul Macdonald

Chief Inve, Harvest Portfolios G...

Price Price
$149.050
Owned Owned
No

HOLD
McKesson Corp(MCK-N) 

February 21, 2017

One of 3 really big pharmaceutical distributors in the US. A perfect example of short-term versus long-term investing. Healthcare has been a tough sector for the last year. Politically, it always has a big target on it back. He expects the sector as a whole to do a lot better this year. They are working in an oligopoly type structure now. They’ve had a lot of margin expansion over time, which may have ended. Longer-term he likes this, but in the short term it is going to struggle.

wholesale distributors
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One of 3 really big pharmaceutical distributors in the US. A perfect example of short-term versus long-term investing. Healthcare has been a tough sector for the last year. Politically, it always has a big target on it back. He expects the sector as a whole to do a lot better this year. They are working in an oligopoly type structure now. They’ve had a lot of margin expansion over time, which may have ended. Longer-term he likes this, but in the short term it is going to struggle.

wholesale distributors
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Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$150.890
Owned Owned
No

COMMENT
McKesson Corp(MCK-N) 

January 17, 2017

A decent play on a healthcare rebound. This is really a triumvirate of 3. You have Amerisourcebergen (ABC-N), Mckesson (MCK-N) and Cardinal Health (CAH-N). They have 90% of the drug distribution business. It’s a low margin business, but the good news is that everyone who wants to get into it leaves it for these 3. The valuation is far more attractive now.

wholesale distributors
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A decent play on a healthcare rebound. This is really a triumvirate of 3. You have Amerisourcebergen (ABC-N), Mckesson (MCK-N) and Cardinal Health (CAH-N). They have 90% of the drug distribution business. It’s a low margin business, but the good news is that everyone who wants to get into it leaves it for these 3. The valuation is far more attractive now.

wholesale distributors
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David Dietze

Founder, P, Point View Wealth Ma...

Price Price
$148.430
Owned Owned
Unknown

DON'T BUY
McKesson Corp(MCK-N) 

November 8, 2016

This group has been hurt very badly lately. It looks like the ability to pass on price increases is coming to an end. Also, with the potential of Hillary Clinton being president, and viewing drug prices as something that should be looked at, it is probably an area to avoid for a while.

wholesale distributors
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This group has been hurt very badly lately. It looks like the ability to pass on price increases is coming to an end. Also, with the potential of Hillary Clinton being president, and viewing drug prices as something that should be looked at, it is probably an area to avoid for a while.

wholesale distributors
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Norman Levine

Managing D, Portfolio Management...

Price Price
$130.510
Owned Owned
Unknown

SELL
McKesson Corp(MCK-N) 

November 8, 2016

Any time where you have a swing of 20%-40%, clearly there is an issue with communication between investors, management and analysts. He would take the bad medicine now and move on to something that is working a bit better.

wholesale distributors
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Any time where you have a swing of 20%-40%, clearly there is an issue with communication between investors, management and analysts. He would take the bad medicine now and move on to something that is working a bit better.

wholesale distributors
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Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$130.510
Owned Owned
Unknown

COMMENT
McKesson Corp(MCK-N) 

November 3, 2016

Drug companies are getting their brains smashed out, whether a producer, generic, pharmaceutical benefits manager or a drug distributor. They are getting subpoenas. They are under competitive pressure. This is reflected in their stock prices. If you have a long-term investment horizon, this is the time to start accumulating companies.

wholesale distributors
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Drug companies are getting their brains smashed out, whether a producer, generic, pharmaceutical benefits manager or a drug distributor. They are getting subpoenas. They are under competitive pressure. This is reflected in their stock prices. If you have a long-term investment horizon, this is the time to start accumulating companies.

wholesale distributors
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Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$129.590
Owned Owned
Unknown

COMMENT
McKesson Corp(MCK-N) 

September 26, 2016

MCK-N vs. CAH-N.  They have done very much the same thing, so she has no preference.  MCK-N is certainly the leader in the group.  The peak was last summer at $15.  If MCK-N moves lower she would buy a lot more of it. 

wholesale distributors
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MCK-N vs. CAH-N.  They have done very much the same thing, so she has no preference.  MCK-N is certainly the leader in the group.  The peak was last summer at $15.  If MCK-N moves lower she would buy a lot more of it. 

wholesale distributors
0 0 0 0 0
0 comments
Liz Miller

President, Summit Place Financi...

Price Price
$165.180
Owned Owned
No

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