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Posted

Bought a full position of FMS on Monday. I'm trying to make up for selling Davita way too soon. Did what passes for DD with me (as usual) by reading various analyst reports, including Morningstar, and the following links. Looks cheap based on historical bitch metrics.

 

www.fiercebiotech.com/special-report/fresenius-medical-care-acquires-nxstage-medical-top-10-medtech-deals-2019

 

www.fresenius.com/history

 

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One potential problem is overpayment for acquisitions. Looking at their history, they seem to have done well with their selections without becoming an egregious serial acquirer.

 

There's a possible short term hit to revenues & earnings due to loss of patients from covid, and there may be controversy over their acceptance of government covid assistance.

 

https://khn.org/news/business-is-booming-for-dialysis-giant-fresenius-it-took-a-137m-bailout-anyway/

 

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Finally, my Mom is a patient of Fresenius. She used to be the hangar queen at a local hospital, and hasn't had a single stay since starting dialysis.

FMS_????_34.05_2021-02.pdf

Posted

Back in MRK today for inlaws account as I sold mine in 2016 duh.

Probbaly should have just bought more Brkb for their pharmacy basket building up I suppose.

Posted

T (as in AT&T)

 

7% dividend, stock buybacks, debt paydown, trading for somewhere around 8-9x fcf.  Yes the business is stagnant but they own HBO max and that is actually growing fast.  To tie to current trends, it is an inflation resistant investment.

Posted

T (as in AT&T)

 

7% dividend, stock buybacks, debt paydown, trading for somewhere around 8-9x fcf.  Yes the business is stagnant but they own HBO max and that is actually growing fast.  To tie to current trends, it is an inflation resistant investment.

 

Preach.

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