http://finance.yahoo.com/news/trump-backs-house-republican-healthcare-155833798.html This proposal has been long-anticipated by the investment industry. Negative potential impacts upon certain sectors (pharmaceutical manufacturers, medical device manufacturers, hospitals) are highly visible and have been written about, and modelled by this manager, for some time. The portfolio…

Pacific Airport Group reported a 31.7% adjusted increase in EBITDA for 2016. Revenues grew by 32.3% for the 2016 fiscal year. Net income grew by 16.7% Like Southwest Airports Group (ASUR), PAC benefitted from a declining Mexican Peso against the…

Revenues increased 8.8%. EBITDA grew by 20.2%. EPS increased by 24.5%. Operating margins surpassed 50% for fiscal 2016. http://finance.yahoo.com/news/asur-4q16-passenger-traffic-11-213100786.html From an income statement perspective, the sharp depreciation in the Mexican peso has offered a material lift to earnings. Most of…

Novo Nordisk reported fiscal 2016 results. Net profits increased by 9% and revenue grew by 6%. However, the operating margin fell by 2.5% to 43.3% of sales. For 2017, Novo anticipates a revenue decline of as much as 1%, which…

In a few short weeks, a new US president intends to set a juggernaut of an economy on a new course. President-elect Trump’s expressed goal is for the United States to reassert American economic dominance. His view is that economic…