So, apparently McKesson (MCK) is up over 20% this year. I wish someone had told me that shipping Band-Aids and ibuprofen to every corner pharmacy and hospital in America was a license to print money.
Is there a secret underground society of people who always buy boring medical supply stocks and just watch them climb? Did I miss the lecture where everyone was told “just buy these healthcare distributors, ignore everything else, and let everyone else meme-lose in EVs and crypto?”
Seriously though, what are people’s thoughts on MCK at these levels? Is there really no expiry date for these defensive, sleep-inducing stocks? Or do they eventually catch a case of “growth stock valuation fever” (spoiler: not the contagious kind Wall Street likes)? If your portfolio had an “essential worker,” would MCK be the tired but reliable nurse working a triple shift, or am I deluding myself and this is about to go the way of all things when people notice margins aren’t infinite?
Bonus points if anyone can explain to me what a “drug distributor” actually does all day, besides, you know, distributing drugs.
