Getting my daily spam from the Motley Fool today the headline read "stock market shock, bank shares gone down as well as up" - got me thinking - the last 12 months have sucked for POH, and a lot of other health care companies and we all know the success of banks at present.
But I think times could be changing - look at the following charts
1) 2010-2012 - POH has reasonable correlation with WBC despite a higher BETA.
2) 2012 to early 2013 - correlation begins to break
3) 2013 to now - possible reversal of broken correlation are we know looking at a shift in fortunes to the smaller no yield growth stories away from the yield plays?
It wouldn't surprise me these yield plays need to start justifying their higher multiples.
great times, page-28
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