Guess Who Likes Medco Health (MHS)?
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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.
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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