I have bought CVR in late December. I am wondering how repealing Obama care will have on this stock. Don't think it would be good. Any thoughts on CVR?
Do you mean CVS? I have backed 'the person who shall remain unnamed' out of my trades since the US election for two reasons:
1. We simply don't know what he is going to do. Make companies repatriate offshore funds??? Maybe, maybe not. Repeal Obamacare? I can't see it but, then against all expectations he is the president.
2. A good company can survive any US president and of course presidents are usually around only four years until the people speak again.
Politicians can boost or deflate stocks in the short term but none are your friends in the long term. Quality and value will always out.
That said, I really like CVS mainly because of their supply chain / logistics strategy which is ranked number 2 (after Dollar Tree) by Supply Chain Quarterly. This gives them a significant competitive advantage in the retail drugs space.