E Daily Stock Pick: Cardinal Health

This week, I'm looking for the sixth healthcare representative of six for my Ivy portfolio.

That healthcare sector includes ten industries all related to testing, diagnosing and treating what ails us. Healthcare industries are: biotechnology; diagnostics & research; drug manufacturers - major and - specialty & generic; healthcare plans; long-term care facilities; medical care; medical devices; medical distribution; medical supplies.

Today I'm reviewing a large-cap medical distribution firm named Cardinal Health Inc. Their trading ticker symbol is CAH. I last reported on Cardinal Health Inc on October 17, 2018.

Cardinal Health is the third- largest global logistics provider engaged in wholesale pharmaceutical and medical products.

Similar to the other two peers, the company has evolved over time and has become entrenched in the sourcing and distribution of brand-name and generic pharmaceuticals and related services to hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices.

Through acquisitions, Cardinal Health has the ability to manufacture commodity products and certain medical devices.

It also distributes a range of national brand products; and medical products to patients' homes, as well as other healthcare providers.

Cardinal Health, Inc. was founded in 1979 and is headquartered in Dublin, Ohio.

I use three key data points to gauge dividend paying equities or funds like Cardinal Health Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

CAH Price

Cardinal's price per share closed at $47.10 Friday. A year ago its price was $49.15. Price fell $2.05 or 4.17% in the past year.

Assuming Cardinal's stock trades in the range of $40.00 to $55.00 this year, Cardinal's recent $47.10 price could rise by $2.90 and go to $50.00 by early July 2020.

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Disclosure: This article was compiled by Rydlun & ...

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BreakingBad News 2 years ago Member's comment

I like $CAH, I think it has room to grow.