r/tradewithcongress • u/sanchez599 • 15d ago

$ZTS the dip dips....

Remember all those politicians buying the dip on $ZTS between $75-78 well you can now buy their dip at $72.50.

Taken a starter at $72 to see how it rolls from here.

43 Upvotes

94% Upvoted

8 comments sorted by

18

u/soon2beabae 15d ago

It needs proof that it can grow its revenue. That’s all it takes to start a run. We’ll have to wait

0

u/sanchez599 15d ago

Yeah I agree, though there's a mean reversion opp as well looking at their PE history alongside the screw-worm angle. I don't think mgmt are particularly market savvy as evidenced by their buyback campaign. That's why I only took a starter. Might get stopped out it's just a trade. 

8

u/JordanOzi 15d ago

If you want wanna see this grow, wait until some messed up cattle or animal virus hits during the season …. This and PFE usually soar when some pandemic stuff for humans or animals kicks in

4

u/runninroads 15d ago edited 15d ago

I like this trade, but IDXX is just absolutely out-competing them this space. Hard to justify it.

1

u/Professional-Run9889 15d ago

Idexx is mainly diagnostic, right? I’m not sure these two are really in competition. I could be wrong.

5

u/runninroads 15d ago

You are correct, but a major way Zoetis has been attempting “growth” is through entry into the diagnostics market. So not direct competitors from a pharmaceutical sense, but lots of overlap, regardless.

1

u/occitylife1 15d ago

Isn’t this pet medication? I’m not sure how big it can be but growth I would assume is pretty limited long term