The business being spun-off was the global Veterinary Distribution business which distributes drugs and supplies to veterinarians. It was a typical combination for this market – good business, good growth, very high price. Just because a stock falls a lot does not, in and of itself, mean that it’s a good investment. Threats from supplier consolidation among animal pharmaceutical manufacturersTo address the risk of secular sales declines, I dug into results being produced by competitors. A stock investment is not one decision – it is a continuous series of decisions, each allowing possibilities for both mistakes and for successes in allocating our capital.

Source: Forbes February 02, 2020 03:22 UTC