A Wall Street Transcript Interview with Montague Guild, Chief Investment Officer and Founder of Guild Investment Management: Long Term Obamacare Effects on Health Care Economics Leads to Top Sector Stock Picks

Wall Street Transcript

67 WALL STREET, New York - April 16, 2014 - The Wall Street Transcript has just published its Investing Strategies Report. This special feature contains expert investment advisory through in-depth interviews with highly experienced, professional Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Dividend-Paying Stocks - Capital Appreciation - Small Cap Investing - Upside in Small-Cap Stocks - Investing Through Construction Trends - Dividend-Paying Small Caps - MLP Investing - Global Macro Trends

Companies include: CVS Caremark Corporation (CVS), Walgreen Co. (WAG), Rite Aid Corp. (RAD), EOG Resources, Inc. (EOG), Continental Resources Inc. (CLR), Whiting Petroleum Corp. (WLL), Goldcorp Inc. (GG), Agnico-Eagle Mines Ltd. (AEM), Google Inc. (GOOG), Priceline.com Inc. (PCLN), IntercontinentalExchange, Inc. (ICE), American Express Company (AXP), Visa, Inc. (V), Las Vegas Sands Corp. (LVS), Walt Disney Co. (DIS) and many others.

In the following excerpt from the Investing Strategies Report, an experienced money manager who has run his own fund since 1971 discusses his methodology, global outlook, and current top stock picks for investors:

...Generic drugs will be encouraged by the Affordable Care Act and by Medicare and Medicaid, both of which are going to be growing in size as 40 million uninsured are gradually going to be paid for by the government to a greater or lesser degree. This means there is going to be rationing of drugs; you won't be able to get certain drugs, and if you do get them you're going to have to pay privately for them, and there will be more generics offered by Medicare and Medicaid. In fact, the government has already come out with proposals that for certain illnesses, only certain generics and very limited nongeneric drugs are available for those illnesses, and this is just going to spread.

Another area which is going to be benefited by this is the drug store chains, CVS (CVS), Walgreens (WAG) and Rite Aid (RAD), because more and more doctor's office activities are going to be handed over to drug stores. Before, you used to get your vaccinations and shots at the doctor's office; now you are going to be getting your vaccinations and shots at the drug store. They are going to set up facilities - they already have set them up in some states - to offer vaccinations and shots.

Doctor's incomes have already fallen; next to fall will be spending on Medicare because there is no money, and the money will come out of Medicare to pay for Medicaid. Also ahead the hospitals will be squeezed with new services that they will be required to pay for. So we would not be investing in anything in the medical area other than generic drugs and drugstore delivery systems; this is a long-term view, not short term.

As far as finance goes...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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