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McKesson Corporation Message Board

  • b_zerkley b_zerkley Mar 9, 1999 12:09 PM Flag

    Merrill Lynch report...

    out today re-affirms ST & LT buy. Says MCK is in
    a "period of exaggerated concern". Goes on to say
    that there will probably be a near term slow down in
    new clinical installations due to pressing Y2K work,
    but "HBOC has already prepared itself to manage this
    slowing trend" and will deliver 20% increases in software
    Folks, Y2K is just going to build future
    demand so that 2000 will be a break out year for new
    orders once people can think of something besides Y2K.
    Good investing longs.

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    • I do not see any Analysts reports recommending a Hold/sell. Yet we seem to trend down. Obviously there has to be someone propelling MCK down that road.

      Who are the villains.?

      • 1 Reply to bs572
      • Most likely suspect in the selling are
        institutions that formerly held HBOC. That's probably who's
        worried about MCK/HBOC (I came to MCK from HBOC myself
        and wouldn't be holding if not for

        Sometimes downward spirals simply feed on themselves...and
        until there's a selling climax (perhaps like last week)
        that takes out the last weak links, and the valuations
        become so appealing, the stock can't respond no matter
        who's recommending it.
        Dollar wise this is one of
        my 3 largest holdings (w/CSCO and AMGN) so it's
        disappointing to see this gross over reaction. However, if MCK
        hits earnings of $3.00 in FY2000 and $3.73 in calendar
        2000 with rising orders at HBOC, IMHO we'll see 100
        plus. However until a base is set, it's gut check time
        for us good guys. Personally I'm long thru 2000. Good

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