OVERVIEW
We added ANTM to the long bench on the Position Monitor. We're currently collecting the same data set as we did for our UNH analysis with an assumption that ANTM is far less levered to the rebate changes coming in 2020.
The labor reports on Health Care last week, from both ADP and BLS, continue to point to accelerating demand. For THC, now that we've been through a live test of the same facility adjusted admissions forecast algorithm, we'll be publishing the results and updates as new data inputs become available and we iterate our process. We'll be moving next to THC's Ambulatory/ASC business, as well as additional tickers.
While sentiment has fixated on #M4A, we think the real shift happened at the end of February with Congressional attention and action on drug prices that begged the question "if Pharma's not safe, who is?" While we think fundamentals eventually bury the #M4A meme, it's not clear when the iron grip of illogical thinking will finally be broken.
*Live* weekly recap
Along with our Position Monitor, we've added a live video presentation to our process to review recent stock updates and themes which we hope you'll have time to participate in going forward. The link to both the slides and video replay will be attached to the Position Monitor note going forward, including today's which you can find below.
