DAVID SHAPIRO: Time in the market almost always outguns trying to time it
Drug maker Novo Nordisk outperformed the S&P 500 over the past 10 years
03 November 2022 - 21:27
On Wednesday morning, I was going through the results of Novo Nordisk, a Danish pharmaceutical company that specialises in treatments for diabetes and obesity. In the third quarter, to the end of September, sales and net profit far exceeded expectations. Management also raised guidance for the fourth quarter. The share rose 4.5%, lifting its gain for the year to more than 13%.
We had bought Novo Nordisk, many years ago, on the suggestion of a foreign portfolio manager, who rated it as one of his best buys...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.