Given the precarious health of the global economy, owning quality stocks is paramount. Among my favorite high-quality companies right now is pharmaceutical powerhouse McKesson.
McKesson MCK, +0.71% is one of the top three drug distributors in the U.S. McKesson, Cardinal Health CAH, -1.01% , and AmerisourceBergen ABC, -0.07% collectively control more than 90% of the pharmaceuticals distribution market. The fact that all three companies are of similar size is critical to the stability of their industry — and accordingly to McKesson’s long-term earnings growth.
