Updating McKesson Corp., Newmont Mining Corp. and Gannett Co.

Article Excerpt

MCKESSON CORP. $139 (New York symbol MCK; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 206.3 million; Market cap: $28.7 billion; Price-to-sales ratio: 0.1; Dividend yield 0.9%; TSINetwork Rating: Above Average; www.mckesson.com) is the largest wholesale drug distributor in the U.S. and Canada. The company held cash of $2.6 billion as of December 31, 2017. It recently used some that cash to retire $909.6 million of its higher-interest debt (specifically, at rates of 4.75% to 7.65%). That will reduce McKesson’s long-term debt, from $7.5 billion (as of December 31, 2017) to around $6.6 billion, or a moderate 23% of the company’s market cap. However, Amazon.com recently teamed up with J.P. Morgan Chase and Berkshire Hathaway to form a new healthcare business. It could become a major competitor to McKesson’s main drug distribution business. McKesson is still a hold. NEWMONT MINING CORP. $39 (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 533.7 million; Market cap: $20.8 billion; Price-to-sales ratio: 2.8; Dividend yield: 1.4%; TSINetwork Rating: Average;…

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