ABC - AmerisourceBergen Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Eric, Apr 15, 2016.

  1. Eric

    Eric New Member

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    AmerisourceBergen Corporation (ABC) is an American drug wholesale company that was formed by the merger of Bergen Brunswig and AmeriSource in 2001. They provide drug distribution and related services designed to reduce costs and improve patient outcomes, distribute a line of brand name and generic pharmaceuticals, over-the-counter (OTC) health care products and home health care supplies and equipment to a wide variety of health care providers located throughout the United States, including acute care hospitals and health systems, independent and chain retail pharmacies, mail-order facilities, physicians, clinics and other alternate site facilities, as well as skilled nursing and assisted livingcenters. They also provide pharmaceuticals and pharmacy services to long-term care, workers' compensation and specialty drug patients.

    AmerisourceBergen is a market leader in pharmaceutical distribution handling about 20% of all of the pharmaceuticals sold and distributed throughout the country and ranked 16th on the Fortune 500 list for 2015 with over $100 Billion in annual revenue. In terms of revenue (79.49 billion in 2012) the firm is the largest based in Pennsylvania.

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    #1 Eric, Apr 15, 2016
    Last edited by a moderator: Apr 16, 2016
  2. T0rm3nted

    T0rm3nted Moderator
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    Hello Eric, welcome to the forums! What are your thoughts on this one? Looks to me like it's consolidating between $85 and $90 and in an overall downtrend. I'd expect to see it close to either $85 or $90 and then play the bounces back and forth until it fails.
     
  3. Eric

    Eric New Member

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    I attach an analyst report. I feel like this is going to pop up. How about you?
     

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  4. T0rm3nted

    T0rm3nted Moderator
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    Just looking at the chart, it looks like it's stuck between $85-$90, so until it breaks through $90, I'm not sure how to play it unless you're trying to play the daily trades and playing the ups and downs in that range. Once it breaks through though, clear skies into the $100's!
     
  5. Eric

    Eric New Member

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    Yeah, I agree it's consolidating but my thoughts are that due to it's great financials it will likely pop up. All my posts are stocks with 5 star ratings from Capital IQ analysts.
     
  6. T0rm3nted

    T0rm3nted Moderator
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    Recent Insider Trading:

    upload_2016-11-5_13-40-9.png
    upload_2016-11-5_13-40-26.png
     
  7. T0rm3nted

    T0rm3nted Moderator
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    Upcoming dividend information:

    Ex-Div-Date
    : 11/17/16
    Payment Date: 12/5/16
    Dividend: $0.37
    Current Price: $78.92
    Annual Yield: 1.72%
     

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