Video: CVS Offers Recession-Resistant Growth with Acquisitions, Single Digit P/E, 3.6% Dividend Yield
January 22, 2024 |
- 3.6% Dividend Yield, single digit P/E.
- M&A period over, now focusing on integrating new businesses and strengthening the balance sheet.
- Healthcare as a sector is recession-resistant.
- Cost recovery on the horizon, with the conclusion of a cost optimization program expected to yield $700-800 million in savings.
- The expected addition of $2 billion to EBITDA by FY26 from Oak Street and a significant internal referral network from Signify Health.
- This could grow earnings by 10% or more.