Law \ Legal

Paul Singer Notices Company That Keeps Screwing Up Keeps Screwing Up

It’s hard to screw up in the drug distribution game. You’ve only got two competitors and you don’t have to spend heavily on developing those drugs. All you have to do is get them from point A to point B and watch the money roll in.

That’s why AmerisourceBergen shares are up nearly 80% over the past two years, and why McKesson Corp. shares have more than doubled. It’s also why Paul Singer wants to know why Cardinal Health shares… haven’t.

Cardinal Health has seen profitability drop in the past five years, leaving its stock price basically unchanged during that period….

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