COR - Cencora: Long-Term Compounder With Mouth-Watering Economics
2024-06-24 12:20:13 ET
Summary
- COR shares have advanced 13% since my last publication, adding conviction to the long-term thesis.
- The company has exceptional economic characteristics with abnormally high ROICs and negative working capital benefits.
- I have updated my price objectives to $270-$285 with a long-term intrinsic valuation of over $360 per share.
Investment Update
Since my last publication on Cencora ( COR ) shares have continued to advance and now trade 13% higher. This marks a substantial gain from the original buy thesis I presented on COR in 2023....
Cencora: Long-Term Compounder With Mouth-Watering Economics