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Message
ObamaCare bounce continues
Posted on 2/11/14 at 11:15 pm
Posted on 2/11/14 at 11:15 pm
My Raymond James rep told me last year to bet the farm on health care mutual funds. I did so and it was my best year ever.
So far this year:
Fidelity Biotech: 17.56 (65% last year)
Fidelity Health: 9.28
T.Rowe Health: 8.32
Vanguard Health: 4.3
Hoping this trend will continue.
So far this year:
Fidelity Biotech: 17.56 (65% last year)
Fidelity Health: 9.28
T.Rowe Health: 8.32
Vanguard Health: 4.3
Hoping this trend will continue.
2
Posted on 2/11/14 at 11:21 pm to matthew25
Intredasting.
Posted on 2/11/14 at 11:27 pm to matthew25
I'm mixed on this one. Gov't forcing everyone to throw there money that direction has everything doing well, but I know the health of a few Hospital systems, and they are getting hit pretty hard. I don't know how that trickles down to stocks, but the ground level ain't pretty. ICD10 codes are going to take a huge hit to the Hospitals starting in October of this year, and the ground level looks to take another hit in 2015. Knowing what I know, I wouldn't touch Health stocks after this year, but with everything so Gov't backed, Heck, just don't know....it might still be a good investment...
Posted on 2/12/14 at 6:17 am to CamdenTiger
Jim Grant said yesterday that he is most worried about the biotech sector. With that said, we own a bunch of FBTIX.
Posted on 2/12/14 at 8:19 am to Janky
Have held GILD for just over a year. The largest holding in FBBTIX is Gilead @ 15%. With estimate at just over $5.50 mean estimate for EPS for 2015 for GILD and say it trades at 30X,looking at $165.00 for FYE 2015. I only hope.
Posted on 2/12/14 at 8:25 am to CamdenTiger
quote:
I'm mixed on this one. Gov't forcing everyone to throw there money that direction has everything doing well, but I know the health of a few Hospital systems, and they are getting hit pretty hard. I don't know how that trickles down to stocks, but the ground level ain't pretty. ICD10 codes are going to take a huge hit to the Hospitals starting in October of this year, and the ground level looks to take another hit in 2015. Knowing what I know, I wouldn't touch Health stocks after this year, but with everything so Gov't backed, Heck, just don't know....it might still be a good investment...
This is going to depend in large part on each healthcare provider's payor mix. If you believe ObamaCare will result in expanded healthcare coverage, you'd expect hospitals with heavy Medicaid exposure to benefit as people are more likely to seek hospital services when they have insurance. On the other hand, if the hospital's mix is primarily self-pay, you wouldn't expect the same benefit.
That said, these hospitals aren't seeing any sort of reform-driven volume increases to date, though it's obviously still the early innings.
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