Earnings down 10 percent hidden by lots of side issues. The increased dividend is now at the top of the 30 to 35 percent payout ratio managemnet targeted. So will it be back to penny increases next year? Management has stated forever, constantly repeating the mantra that there are excellent corners throughout the US for expansion. There is no need to cross borders yet.
Amazing what 6 months of no ESRX and lousy sales/earnings wll do.
Management Solution Buy into the current worst economy in the world.
The time to buy is when something has more value than the market has given it. This may be a once in a life time opportunity. Health care and drugs will not go away regardless of what happens in the world.