Charles Payne In The Media

Charles Payne's Regular Media Appearances
Charles is featured on the Fox Business Network Monday-Friday at 2 PM ET on "Making Money with Charles Payne". He is a member and occasional host of "Varney & Co". In addition, he guest-host several shows including "Cavuto on Business" and "Your World".

The "Making Money with Charles Payne" show can also be heard on channel 113 on Sirius radio.

Wednesday, April 23, 2008

AmerisourceBergen Halts a Sale as Profit Gains 3.4% - Bloomberg.com

AmerisourceBergen Corp., the No. 3 U.S. drug distributor, canceled the sale of a unit and narrowed its annual profit forecast as quarterly earnings rose 3.4 percent on drug-price increases and sales of generic medicine.

'Increased Competition'

"The business has been struggling with increased competition and even some company-specific shortfalls,'' said Brian Sozzi, an analyst with Wall Street Strategies in New York. ``There's little confidence that they
can turn this thing around."

Sozzi today cut his rating on AmerisourceBergen to "sell" from "hold".

Distributors charge drug companies fees for shipping products to hospitals and clinics. AmerisourceBergen gained as prices on branded drugs in its inventories rose, and the company sold more generic drugs that it gets at low cost from competing suppliers, Sozzi said.

Posted by Brian Sozzi

Charles' Fox Business Video Clips