So it's time to diversify again and this time we will ad a medical supply company to our mock portfolio. This is another one of those times when the company pick is based upon something this author believes in; a clean needle exchange program.
The two companies that I looked into were Medtronic and Becton Dickerson. I want you to go out to your favorite website like CNBC or Bloomberg and look at the difference between these too companies and see if by comparison you come up with the same pick as I do. Quite frankly they are both a really great pick. The medical supply industry has had a yearly average growth of 3.6% for the last 5 years and that is expected to continue. Medical Supplies will be in larger demand if we see either a Warren or a Sanders Presidency but with the aging boomer population this industry should experience growth for a long time.
There are a total of 48 domestic or US Manufacturers of medical supplies in the US and the industry has a total yearly revenue in 2019 of 4 billion.
William! Blah Blah! Blah! You always go on with all this stuff get to the point pick the dang stock!
Not just yet, let me tell you reader why I added a medical supply company to the mock portfolio, for diversification which we have talked about in previous articles but because there is a new syringe exchange program being started by Being Alive in the city of West Hollywood, CA.
This is a Harm Reduction Program it will provide:
Exchange used points, for new points
Safe injection supplies
Wound care supplies
Safer sex supplies
Risk reduction counseling
Onsite HIV testing
Alcohol and drug treatment
Medication assisted treatment
Fentanyl Test Strips
Being Alive will be opening the 2nd & 4th Saturday of every month from 4 - 7 pm. Being Alive is located at 7531 Santa Monica Blvd, Los Angeles, CA 90046
Here is how you can help:
So we are adding Becton Dickerson (BDX) @ 261.08 in this case buying only 1 share although all of the other stocks in the mock portfolio have 2 shares because at the end of the year we are going to sell off half of the mock portfolio to be only 1 share and take the profit from this second year of investing.
I like Becton Dickerson because it has been around since 1897 and has proved that it is a company here to stay. It has a great dividend at $3.16 cents a share. Medtronic looks good in the short run but I go with the strength and long standing behind Becton. With the higher share price you might like Medtronic it has a $2.16 dividend and a lower share price of $111.
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