Summary
- Merck has had an amazing run-up in share price over the last 12 months.
- Merck has delivered outsized returns for shareholders who invested over the last 4 to 5 years.
- Past performance is not necessarily a predictor of future performance.
- The only way an investor can realize a return from an investment in shares, is through receipt of dividends, and/or gains on sales. I repeat - the only way.
- If analysts' consensus estimates for Merck are close, future share price gains will be limited, and paying a high share price now will negatively affect future dividend receipts and yield.
- This idea was discussed in more depth with members of my private investing community, Analysts Cnr | H2 SuperGrid. Start your free trial today ยป
Merck & Co., Inc.: Investment Thesis
Source: Merck & Co., Inc. Website
