QVI Portfolios Review | Fall 2023 | #5
Part Five of a Series | Health Care Sector Holdings
Summary
This review of Quality Value Investing’s portfolios covers the six health care sector holdings: Johnson & Johnson, CVS Health, McKesson, Quest Diagnostics, AMN Healthcare Services, and Pfizer.
The post includes updates to QVI’s checklist research and analysis of each company’s current wealth and the stock price’s present value.
Any changes in my view (buy, hold, sell) are reflected in the QVI Concentrated and Expanded Real-Time Portfolios.
This post, in its entirety, is exclusive to premium (paying) subscribers.
When referencing this report, premium (paying) subscribers can access their Quality Value Investing (QVI) Glossary of Investing Terms and Metric Targets. Unless noted, all data presented is sourced from Seeking Alpha Premium as of the market close on October 5, 2023, and intended for illustration only.
In this series, Quality Value Investing (QVI) reviews the holdings in the QVI Real-Time Portfolios by sector to update each stock pick’s performance, current wealth, and present value.
Today’s post analyzes QVI’s health care sector holdings: Johnson & Johnson (JNJ), CVS Health (CVS), McKesson (MCK), Quest Diagnostics (DGX), AMN Healthcare Services (AMN), and Pfizer (PFE).
Company Current Wealth
To uncover the current wealth of the company, QVI defines the value proposition, measures select returns on management, and assesses enterprise downside risks.
Value Proposition
QVI’s value proposition section defines the competitive advantages of a company’s products or services to its customers compared to the industry, including the stock’s historical performance vs. the sector and market.
Value Proposition Elevator Pitches
Johnson & Johnson is like owning a mutual fund of quality healthcare products but with blue chip low risk and no advisory fees.
CVS Health is the one-stop healthcare store for insurance, primary care, and prescriptions.
McKesson is best of breed in the legal drug distributor oligopoly, equating to a long-term competitive position in the healthcare-dominated 21st century.
Quest Diagnostics is part of the duopoly that dominates the independent reference lab market.
AMN Healthcare Services is a compelling professional medical workforce solutions provider that should prevail in the aging baby boomer, healthcare-dominated 21st century.
Pfizer is a high-quality pharmaceutical whose drug pipeline is improving despite substantial pandemic-era growth and cash windfalls from its COVID-19 vaccine and treatments that reversed in the endemic.