MCK has finally been acting right. That's NOT TO SAY it's been going up, but rather it's setting a base. While there could be new concerns raised by someone/something, this stock now sells at a discount to the S&P based on FY 2000 earnings (even using the low end of the range). It's gone from a high P/E speculation to a value play (OK...I may be over stating it some). A few more days of holding above 58 and we might see a move up. Then we just have to pray for a good earnings report and steady orders/revenues from the HBOC side of the business. Just my HO. Long thru 2000.
with data about mutual funds, such as Merrill Lynch's Health Funds, is that the information is dated. Perhaps they have sold or are currently selling. However, once again, my feeling is that sellers at this level are extremely shortsighted. This is a great long-term hold.
Stock essentially at 1 year low- 56 15/16 vs. 57 15/16. Base formed at 57 3/4-58 range. Upgrade imminent in that MCK will make earnings target without dilutive HBOC effect. Stock is a $ 75-80 dollar stock without it (has been to almost $ 100). Doubled position at 57 7/8 (previously in at 63 1/2). Now is the time to get in before a jump over $60 and everyone hits the bandwagon. LeTech- some of your money is about to return....
My Broker also mentioned about basing. He said when a stock is downgraded w/o an earning cut; the price swing due to day traders is so large that it results by about 20% excess and can last between 3-8 days. Thereafer the stock returns to normalcy.
Does your post reflect the local M.L thinking or is that the latest research from Head Office for all their clients.