Healthcare: Warren Buffett’s Surprising New Buy
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 21 February 2018
⏱️ 26 minutes
🧾️ Download transcript
Summary
Despite significant risks, Berkshire Hathaway’s become Teva Pharmaceutical’s 9th biggest investor. Also, what gives with Rite Aid’s convoluted merger plans?
Transcript
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| 0:00.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:07.0 | It's Wednesday, February 21st. |
| 0:09.0 | I'm your host, Christine Harjus, and I'm joined as usual by health care contributor Todd |
| 0:13.7 | what's going on? |
| 0:15.7 | Happy Wednesday Christine. |
| 0:17.7 | Happy Wednesday to you too. |
| 0:19.1 | You ready for our show today? |
| 0:20.3 | Geez I tell you Christine I'm reeling I'm reeling from all the surprising news I mean oftentimes we talk about things that are |
| 0:27.6 | Kind of expected or you know forecast but not this time this past week has been a couple of very surprising things to me. |
| 0:35.0 | Yeah, we had the news fairy come and deliver a couple of surprises. |
| 0:40.0 | So eventually on the show we'll be talking about one of Warren Buffett's recent buys that shocked us, |
| 0:46.3 | but first news in the retail pharmacy space. What's going on there? |
| 0:51.2 | I think that there's probably a lot of right age shareholders who are shaking |
| 0:55.3 | their head right now wondering what the heck just happened because right aid |
| 1:00.0 | at one point a few years ago was going to get purchased lock, stock, and barrel for $9 a share. |
| 1:05.5 | And now they're doing some crazy combination with the big grocer Albertsons. |
| 1:11.8 | Yeah, this was kind of crazy. |
| 1:13.4 | I mean, I'm personally glad that I never was a Rite Age shareholder |
| 1:17.1 | because this is a stock that has been on a wild ride. |
| 1:20.8 | It's like nothing that they plan on doing actually happens as they planned it to. |
| 1:25.0 | I know. |
| 1:27.0 | I know and any of the investors who went out in 2015 thinking, oh, I'll buy this for the arbitrage |
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