This contributor has two global ideas today—a more speculative country ETF and an international pharma company, still selling at a reasonable valuation.
WisdomTree India Earnings Fund (EPI)
from Positive Patterns
I think WisdomTree Trust - WisdomTree India Earnings Fund (EPI) has good upside potential over the next 5 years and maybe longer, although it is risky. I would buy EPI up to $25. Once it can break out of the $25 area, I would expect it to move steadily higher.
McKesson Corporation (MCK)
from Positive Patterns
For the last 3 months I have been digging around this sector and by far the best, and most reasonably priced is McKesson Corporation (MCK). I wish I could find some others, but so many are bid up and sell for 40-50 times earnings—too expensive. MCK sells currently for about 13 times cash flow. That is reasonable, and the company should still see solid growth in the years ahead. In the $200-230 area, it’s a buy.
Bob Howard, Positive Patterns, P.O. Box 310, Turners, MO 65765, 417-887-4486, August 11, 2015