AmerisourceBergen: Boring But Beautiful Buy For Your Rich Retirement

Aug. 04, 2021 8:49 PM ETCencora, Inc. (COR) StockCAH, MCK, COR7 Comments

Summary

  • AmerisourceBergen is a well-run drug distributor with the advantages of scale and focus on its core business.
  • Management is staying well within its core competencies with the Alliance Healthcare acquisition, and the business posted strong quarterly growth.
  • I highlight what makes ABC worth buying at present, as well as the dividend and balance sheet.
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Savvy investors know one of the secrets to long-term success is to pick moat-worthy companies whose business models are not easily disrupted. In fact, the famed mutual fund legend, Peter Lynch, recommends picking companies that are unlikely to attract ‘hotshot’ MBAs from a Top 10 program.

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