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Cardinal Health, Inc.Cardinal Health, Inc.Cardinal Health, Inc.

Cardinal Health, Inc.

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CAH - DAILY CHARTHi, today we are going to talk about Cardinal Health and its current landscape. The opioid crisis has been plaguing the U.S at the most for nearly two years now. With scary numbers like the record of 47,600* overdose deaths caused by opioids in 2017 but the number seems to start slowdown since 2018 were the war against opioids gained some traction. In the justice field, some companies have already faced some sort of rebuke for involvement and even a bit of responsibility for the opioid crisis. For example *Jun 2019, Insys Therapeutics Inc. had to file for bankruptcy after being convicted for conspiring to bribe doctors to increase opioid sales, ending up in a deal with the federal government of $225 million. * Aug 2019, Johnson & Johnson was obligated to pay $572 Million, as Oklahoma ruled that the company intentionally played down the dangers and oversold the benefits of opioids. * Oct 2019, Johnson & Johnson was once more condemned by two counties of Ohio to pay $20.4 million, with the accusation of having helped the opioid crisis to spread. * Nov 2019, New York Federal Prosecutors opened a criminal investigation over six companies ( Teva Pharmaceutical Industries Ltd, Mallinckrodt, Johnson & Johnson, Amneal Pharmaceuticals Inc. AmerisourceBergen Corp., and McKesson Corp. to see if they intentionally allowed opioid painkillers to flood communities. Now, the State of Michigan has sued four companies over the deadly painkiller epidemic as drug dealers. The Attorney General Dana Nessel filed a lawsuit against Cardinal Health, which could lead to unknown sanctions and liabilities for the company in Michigan, and possible further problems since its the first time. The war against opioids it's just poised to grow up as every justice department across the country and every candidate that it's next to run on elections its eager to hang this trophy on the wall. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice. *Source: Centers for Disease Control and Prevention ( CDC )
NYSE:CAH
by Igor-Silva
CAH Buying Beaten Down StockCAH is a beaten down stock that currently yields 3.64% (Pretty good). By no means, am I calling this "a bottom" because the stock has been deeply sold and I don't see any moving average or candlestick to say we are even near a bottom. However, the stock is at the 200 monthly average (this is good for first time buyers like me :P) as I am paying an "average price" of the stock and not over paying long-term. Secondly, even though the stock is underperforming, I get to buy it at a huge discount 42% discount from the all time highs. Third, the payout ratio is well below 37% which means the company can at this time afford to pay the dividend and oh by the way, they just raised their dividend (Yay! for longterm investors). So essentially, I get to buy a beaten down stock with 13 years of consistent dividend growth that the company can afford to pay and I get it at a big discount. Continue to follow me here at tradingview. Comment if you wish and I'll be friendly. I use robinhood app to diversify my portfolio and buy longterm stocks and you can too! They are free to use and have no commissions. Sign up here to get 1 free share of stock: share.robinhood.com
NYSE:CAHLong
by TheBulltrader