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Shares of PharMerica Rank the Highest in Terms of Forward Earnings Yield in the Health Care Distributors Industry (PMC, CAH, MCK, ABC, OMI)
Feb 08, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Health Care Distributors industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.PharMerica ranks highest with a forward earnings yield of 8.3%. Cardinal Health is next with a forward earnings yield of 7.7%. McKesson ranks third highest with a forward earnings yield of 7.0%.
AmerisourceBergen follows with a forward earnings yield of 6.8%, and Owens & Minor rounds out the top five with a forward earnings yield of 6.2%.
SmarTrend recommended that subscribers consider buying shares of PharMerica on June 27th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $10.73. Since that recommendation, shares of PharMerica have risen 37.9%. We continue to monitor PharMerica for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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