• Return to Headlines

Highest Level of Cash in the Health Care Distributors Industry Detected in Shares of Cardinal Health (CAH, MCK, ABC, HSIC, OMI)

By Nick Russo

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.

Cardinal Health ranks highest with a CE of $7,000. Mckesson Corp is next with a CE of $3,000. Amerisourceberge ranks third highest with a CE of $2,000.

Henry Schein Inc follows with a CE of $175, and Owens & Minor rounds out the top five with a CE of $105.

SmarTrend recommended that its subscribers protect gains by selling shares of Amerisourceberge on February 27th, 2020 by issuing a Downtrend alert when the shares were trading at $89.75. Since that call, shares of Amerisourceberge have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest level of cash Cardinal Health McKesson Corp amerisourceberge henry schein inc owens & minor