A diary of the thought process behind my investment decisions
Healthcare Takes The Lead Again
Healthcare was once again one of the strongest sectors for the second day in a row. While I hold a diversified position in the sector my largest holding by far is Gilead. They issued convertible debt that has weighed on the stock but the effect should wear off in the next few days. They now sit with about $3 billion in cash available for buybacks. If management is to be taken at its word they will be aggressively using that pile to buy back shares. Have a good night.