Interest grows in healthcare as pressure rises on housing market

Healthcare is providing good opportunities in the US as housing market weakness continues to dampen down consumer spending. Stanley Nabi, vice president of Silvercrest Asset Management, has had success with stocks such as Polymedica, a company which produces direct-to-consumer diabetes testing products and services to seniors. Nabi points out that although the company is worth $900m and has earnings of $70m, its capital spending amounts to just $10m and it therefore has lots of free cash flow to buy back stock. He says: "The politically unpopular healthcare sector has lost its long-stand...