Top 10 'New Frugal' Stocks
OptionsZone Experts, May 8, 2009
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Frugal Stock #9: Perrigo Company
Another great frugal medication play is generic drug maker Perrigo Company (PRGO). This is one of the largest manufacturers of private label, over-the-counter drugs in the world. You know the store-brand ibuprofen tablets you buy at your favorite retailer instead of those more-expensive Advil tablets? Well, most likely they were made by Perrigo.
With sales at discount retailers holding up due to the new frugality, more and more customers are putting Perrigo manufactured products in their shopping carts. Like Teva Pharmaceutical Industries (TEVA), this company is extremely well managed, with no debt issues. And from a demographic perspective, as more and more baby boomers need more over-the-counter medications just to get them through the day, the future for Perrigo in this Frugal Nation looks very bright indeed.
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