Health Care Distributors


I always look at economics of the business
A bird in the hand is worth 2 in the bush and the question is how sure are you there are 2 in the bush and how long you have to wait to get them out
1. How many birds are in the bush?
2. When you gonna get them out?
3. How sure are you?
If interest rates are 15% roughly you've got 2 birds out of bush in 5 years equal to bird in the hand but if interest rates are 3% and you can get 2 birds out in 20 years it still makes sense to give up the bird in the hand because it's all gets back to discounting an interest rate. Often you don't know not only how many birds in the bush but in the case of internet companies there were not any birds in the bush but they still take the bird that you give them from the hand
Loop through all the subindustries and try to understand how many birds are in the bush from the perspective of economics of the business

Revenue

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP grow per year to compare with Revenue Change
1. McKesson Corporation MCK36,71342,01050,00657,12169,50680,51588,05092,977101,703106,632108,702112,084122,734122,455137,609179,045190,884198,533208,357214,319231,051
2. AmerisourceBergen Corporation ABC11,64516,19145,23549,65753,17954,57761,20366,07470,19071,76077,95480,21879,49087,959119,569135,962146,850153,144167,940179,589189,894
3. Cardinal Health, Inc CAH29,87147,94851,13656,73765,05474,91181,36486,85291,09199,51298,547102,720107,552101,09391,084102,531121,546129,976136,809145,534152,922
4. Henry Schein, Inc HSIC2,3822,5582,8253,3544,0604,6365,1535,9206,3956,5387,5278,5308,9409,56110,37110,63011,57212,46213,2029,986
5. Owens & Minor, Inc OMI3,5043,8153,9604,2444,5254,8225,5346,8007,2438,0388,1248,6288,9089,0729,4409,7739,7239,3189,8399,211
6. Patterson Companies, Inc PDCO1,0401,1561,4161,6571,9692,4212,6152,7982,9993,0943,2373,4163,5363,6374,0644,3755,3875,5935,4665,5755,490
7. PetIQ, Inc PETQ161206200267529709
8. AdaptHealth Corp AHCO1741930530
9. Cosmos Holdings Inc COSM0.97.640.536.76303740
10. Fuse Medical, Inc FZMD0.941.680.57262623
11. PD-Rx Pharmaceuticals, Inc PDRX262919.3921262521
12. Agape ATP Corporation AATP000.491.550
13. Amexdrug Corporation AXRX212211.716.534.954.656.145.699.7711.4912.419.158.638.859.310.43
14. Response Oncology, Inc ROIX131118
15. Global Pharm Holdings Group, Inc GPHG5487140
16. Pharmagen, Inc PHRX0.080.864.264.81
17. China BCT Pharmacy Group, Inc CNBI136201257242
18. Adicet Bio, Inc ACET18517822927129831329731336032334741244450051054755963871100
19. Modern Mobility Aids, Inc MDRM0000
20. EyeCity.com, Inc ICTY2.540.19000


Revenue Growth

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP growth per year to compare with Revenue Change
1. McKesson Corporation MCK1.141.141.191.141.221.161.091.061.091.051.021.031.111.121.31.071.041.051.031.08
2. AmerisourceBergen Corporation ABC1.391.392.791.11.071.031.121.081.061.021.091.030.991.111.361.141.081.041.11.071.06
3. Cardinal Health, Inc CAH1.611.611.071.111.151.151.091.071.051.090.991.041.050.940.91.131.191.071.051.061.05
4. Henry Schein, Inc HSIC1.071.071.11.191.211.141.111.151.081.021.151.131.051.071.081.021.091.081.060.76
5. Owens & Minor, Inc OMI1.091.091.041.071.071.071.151.231.071.111.011.061.031.021.041.040.990.961.060.94
6. Patterson Companies, Inc PDCO1.111.111.221.171.191.231.081.071.071.031.051.061.041.031.121.081.231.040.981.020.98
7. PetIQ, Inc PETQ1.271.270.971.331.981.34
8. AdaptHealth Corp AHCO1.11.10INF
9. Cosmos Holdings Inc COSM8.478.470.0712.664.441.241.07
10. Fuse Medical, Inc FZMD1.781.780.3446.5210.87
11. PD-Rx Pharmaceuticals, Inc PDRX1.121.120.671.111.210.960.84
12. Agape ATP Corporation AATPNANNANINF3.170
13. Amexdrug Corporation AXRXINFINF1.050.530.560.760.941.320.931.721.181.080.740.941.031.051.12
14. Response Oncology, Inc ROIX1.061.060.970.9
15. Global Pharm Holdings Group, Inc GPHG1.591.591.62
16. Pharmagen, Inc PHRX11.4611.464.941.13
17. China BCT Pharmacy Group, Inc CNBI1.481.481.280.94
18. Adicet Bio, Inc ACET0.960.961.291.181.11.050.951.061.150.91.071.191.081.121.021.071.021.141.110NAN
19. Modern Mobility Aids, Inc MDRM00NANNAN
20. EyeCity.com, Inc ICTY0.070.070NANNAN