Relatively High Level of Cash Detected in Shares of McKesson in the Health Care Distributors Industry (MCK, CAH, ABC, OMI, PDCO)
Below are the three companies in the Health Care Distributors industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
McKesson ranks highest with a CE of $5,000. Following is Cardinal Health with a CE of $3,000. AmerisourceBergen ranks third highest with a CE of $2,000.
Owens & Minor follows with a CE of $125, and Patterson rounds out the top five with a CE of $95.
SmarTrend recommended that its subscribers protect gains by selling shares of Owens & Minor on May 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $36.12. Since that call, shares of Owens & Minor have fallen 7.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest level of cash McKesson Cardinal Health AmerisourceBergen owens & minor patterson