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Fidelity Healthcare

Posted on 12/24/14 at 2:13 pm
Posted by Sho Nuff
Oahu
Member since Feb 2009
11904 posts
Posted on 12/24/14 at 2:13 pm
What the hell is going on with FSPHX? Anyone else with healthcare MF's getting crushed like I have the last few days? My biotech fund getting beat up as well
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80760 posts
Posted on 12/24/14 at 2:47 pm to
It all stems from teh AbbVie/Gilead ordeal. Opens up the doors for price wars in the future
Posted by Sho Nuff
Oahu
Member since Feb 2009
11904 posts
Posted on 12/24/14 at 3:10 pm to
What's crazy is one of the Top 10 holdings of that MF is AbbVie. This sucks, the fund has killed it for me. The biotech one has really killed it, so I guess I will sit tight, but maybe I should consider moving to a different fund?
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40831 posts
Posted on 12/24/14 at 5:29 pm to
The idea that exclusive deals can be signed without being challenged legally between drug companies and PBM companies. Will put downward pressure on all pharmacy company margins.

This express scripts deal could shake up everything. That is why even Abbvie is down, they competed in price and no biotech wants to compete on price
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 12/24/14 at 8:09 pm to
YTD gain of 32.42% and someone is bitchin and moanin?
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 12/24/14 at 9:34 pm to
I just checked WSJ Market Watch Fund Comparison:
Fidelity Health is 31.85 YTD; T Rowe 30.52; and Vanguard 28.87.

Compare with some of my equity mutual funds: Vanguard Hi-Dividend at 14.92; VEIPX at 12.79; VGIGX at 13.3; VDAIX 11.47; Wellington Adm at 10.53.

Another good year for Health Care mutual funds.
Posted by Sho Nuff
Oahu
Member since Feb 2009
11904 posts
Posted on 12/25/14 at 1:08 pm to
quote:

YTD gain of 32.42% and someone is bitchin and moanin?

You're right, I should be happy about the huge losses 3 days in a row

But yes, I have loved the gains this year, doesn't mean I can't hate that Express Scripts screwed the end up.

Merry Christmas to you
Posted by Sho Nuff
Oahu
Member since Feb 2009
11904 posts
Posted on 12/25/14 at 1:10 pm to
quote:

The idea that exclusive deals can be signed without being challenged legally between drug companies and PBM companies. Will put downward pressure on all pharmacy company margins.

This express scripts deal could shake up everything. That is why even Abbvie is down, they competed in price and no biotech wants to compete on price


Yep. I wonder if there will be a big fallout. I hear there's already lawsuits brewing and I'm sure they'll be settlements. My buddy tells me to buy more GILD though and he's strong with them. Not sure. He also told me to buy SWKS and that's up 77% since I did. I only wish I bought more
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 12/25/14 at 11:07 pm to
Here's where I'm hurting:

Bought BBEP @ $20. Closed yesterday at $7.06.
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