There’s no doubt that many prescription drugs have been overpriced and work has to be done to make them more affordable to consumers, but Paul Mampilly says there could be serious consequences coming to the stock market if Amazon’s new plan to disrupt the pharmaceutical markets comes to fruition. The way prescription drugs reach the pharmacy store shelves involves a lot of stops in the distribution chain from the pharmaceutical labs and testing up till they reach stores like CVS and Rite Aid. But Amazon has been going to work already by targeting these healthcare stocks and seeking to bring transparency to the distribution process. They’re also teaming up with JP Morgan Chase and Berkshire Hathaway to usher in a new healthcare market system that cuts out the middleman. This may be a great deal for consumers, but Mampilly said it’s likely to hurt stockholders. He warns his followers that when they see stock prices dropping, they should not buy them because they’re unlikely to rise back up. For more updates, Like the Page on Facebook.
Paul Mampilly is a writer for finance information website Banyan Hill, and readers who want to know more about his investment insights can find out about them in his newsletters known as “Profits Unlimited,” “Extreme Fortunes” and “True Momentum.” He was actually a professional investment advisor for many years prior to becoming a writer and holds a bachelor’s in finance from Montclair State University. Mampilly served as a portfolio advisor at Deutsche Bank, Banker’s Trust and ING. He became a hedge fund director at Kinetics International Fund in 2006 and during his years at the firm, the AUM grew from $6 billion to $25 billion. Mampilly also won the Templeton Foundation’s competition in 2009 for growing a $50 million investment to $88 million. Learn more on crunchbase about Paul Mampilly.
Paul Mampilly was featured on business television networks while he was a Wall Street advisor, but in 2012 he suddenly left Wall Street and for a few years nobody knew what had happened to him. He revealed that he had retired because he had made enough money by then to do so, and he wanted to work on his own time while still getting to spend time with his family. But he was also able to help people that most big banks and hedge funds have left out, and within just months of publishing his first letter he picked up over 60,000 subscribers. Mampilly’s newsletters are popular not only because of the portfolio growth his followers have reported, but also because the financial information is easy to understand. Visit: https://stocktwits.com/paulmampilly