I added AstraZeneca today to my portfolio after screening all medium to large cap medical companies. I have a long term goal to move money from generic healtcare ETFs to individual companies. This was the first step. I will be looking for two more companies for this sector.
The potential downside with healthcare stocks like AstraZeneca is quick limited because the valuations are rather conservative, but the upside looks strong with aging western world and growing emerging markets.
I like bets with limited downside, but with limitless upside. And above all, I like AZN gross margin at 83%. There simply ain't many big companies in the whole world that can pull that off.