Guess Who Likes Medco Health (MHS)?

December 18, 2007 7:57 AM EST
Last night, on Mad Money Jim Cramer told viewers to take a serious look at Medco Health (NYSE: MHS). Medco Health does well when big drug companies come off patent and go generic. Cramer noted, in the next five years, an estimated $77 billion worth of drug sales are scheduled to come off patent.

And that will be a boon to Medco Health because it will save them money. Medco does a tremendous amount of drug buying and generic versions will lower Medco's costs and enlarge its profit margins.

Cramer also said Medco Health is a defensive play and should be OK to buy in this volatile market.

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