Make way for some waves. CVS Health (CVS) and Express Scripts (ESRX) have released their formulary exclusion list for 2017, which details which prescription drugs will not be covered by health plans.
Why do we care? Commercial payors have been showing signs of pushing back against high drugs costs, which is a huge concern for drug companies and their investors. The coverage list determines....More>>>
The big speculation is whether there will be a bidding war for Whole Foods (WFM) now that Amazon (AMZN) has made a play for one of the nations leading organic foods grocers. That is, do whatever it takes to prevent Amazon from landing Whole Foods.
The case can be made that other retailers, such as SuperValu (SVU) or Albertsons, need to come in and prevent Amazon from buying up Whole Foods.
“A truly great business must have an enduring “moat” that protects excellent returns on invested capital.”
– Warren Buffett, 2007 Shareholder Letter
A reader recently sent me the following clips from the 2007 Shareholder Letter that pertains to a topic that we’ve discussed quite a bit here: the concept of return on capital, why it’s important....More>>>
The so-called smart money on Wall Street sold Burger King in 2010 for $3.3 billion, minting over a billion dollars in profits and a five-fold gain for exiting investors including Bain Capital, TPG and Goldman Sachs. It was a whopper deal that left analysts scratching their heads as to how the buyer would get its money back.
A little over six years later, Burger King’s new owners have....More>>>
Singapore's largest property developer, CapitaLand (OTCPK:CLLDY) (CATL.SI) had a pretty good 2017. Helped by improving conditions in Singapore and China, not to mention significant project openings, CapitaLand's local shares climbed 20% and the ADRs did even better.
A power outage hit the CES consumer electronics show in Las Vegas, dimming the lights in one of the main convention halls hosting demonstrations from the likes of LG Electronics Inc. and Samsung Electronics Co.
“There is an isolated power outage at the Las Vegas Convention Center. W
In Lahore and Karachi, American flags were burned in front of TV cameras after President Trump’s decision on Jan. 4 to withhold $2 billion of security aid from Pakistan to punish it for allegedly harboring terrorists. The country’s government issued angry statements claiming no ins