Pass a Drug Test

Giant Merck, a major growth stock for 50 years has seen that growth slowing down along with Pfizer and the rest of the major drug companies. Merck has latched onto a new strategy to build sales again, but it's not just Merck and Pfizer that are suffering. The major pharmaceutical companies around the world are in a slowdown, and panic is starting to set into the executive suite.Some of these companies are now doing in the tens of billions of dollars per year in sales. The drug industry is the most profitable industry in the world today bar none. The returns on invested capital, and profit margins are extraordinaryPresident Bush, and the then Republican Congress created the prescription drug program for seniors in an attempt to reverse the tide for… Continue reading