LegitScript founded by John Horton in 2007
In May 2007, LegitScript was founded by John Horton, a former aide in the White House Office of National Drug Control Policy (ONDCP). After five years working for the Drug Czar, John Horton founded the company with the intent of helping people be sure that they are buying safe, genuine, and legit script medication on the Internet.
LegitScript is the only Internet pharmacy verification and monitoring service endorsed by the National Association of Boards of Pharmacy (NABP), which represents the state pharmacy boards that license and regulate pharmacies.
Among the first Internet pharmacies to be verified by LegitScript was drugstore.com, which was initially approved by the NABP itself as a legitimate Internet pharmacy back in 1999, a mere seven months after it was first launched. (In March, pharmacy chain Walgreen Co.
announced its intention to buy drugstore.com for about $ 429 million.)
Since that first approval, LegitScript has approved over 300 Internet pharmacies, including veterinary Internet pharmacies, as safe and legitimate. This makes the company the largest online pharmacy verification service in the world. Additionally, the company’s database monitors over 60,000 rogue Internet pharmacies that sell prescription drugs without a prescription or unregulated health care products to Internet users.
LegitScript’s services are good news for those of us concerned about the legitimacy of online pharmacies, as the authorities continue to battle against the rapidly growing crisis of illegal, disreputable and, in some cases, extremely dangerous pharmaceuticals online. The problem of substandard drugs being sold online to the unsuspecting, was recently featured on a CBS 60 Minutes segment which aired in mid-March 2011. Just getting a glimpse of some of the deplorable conditions under which so many of these drugs are being manufactured, was a valuable wake-up call to everyone filling prescriptions online.
Here’s an example of the scope of this problem: in San Diego a grand jury handed down an indictment listing 313 counts against 18 people for operating an illegal online pharmacy that netted over $ 126 million within a two-year period. Amazingly, this network (which included doctors, druggists, credit card processors and websites that advertised the illegal goods) purportedly received over one million internet orders from customers in all 50 states.
Assisting in combating this rampant issue is the Internet enforcement service group LegitScript.com, which provides invaluable, life savings information to the public by investigating and rating online pharmacies. This service is provided free of charge and gives the consumer an effective way to vet online pharmacies. Four years after being founded by John Horton, the company now has a staff of over a dozen experts, and LegitScript.com can be trusted to provide ongoing guidance to a public interested in acquiring safe and effective medicine online.
John Horton is President and Founder of LegitScript, and a former aide in the White House Office of National Drug Control Policy (ONDCP). John Horton founded LegitScript with the intent of helping people be sure that they are buying safe and genuine prescription medication on the Internet for legit script. LegitScript, is an internet enforcement service group, that has been successfully investigating sites to determine whether or not such sites are in compliance with the law and accepted standards of medical and pharmacy practice ethics.
DR Horton’s Dividends Could Not Final Forever
Whether you happen to be a beginning investor or a near-retiree, the value of getting stocks that pay out dividends can not be overstated. Not only do companies that have quarterly or annual payouts supply you with a steady stream of revenue, they also have the prospective for capital appreciation. Merely place, dividend stocks can give your portfolio what practically no other investment can both revenue and growth. At The Motley Fool, we’re avid fans of dividends and not just since we like that steady stream of cash. Studies have shown that from 1972 to 2006, stocks in the S&P 500 that don’t pay out dividends have earned an average annual return of 4.1% dividend stocks, even so, have averaged a whopping ten.one% per year. That is an unbelievable distinction 1 that you’d be crazy to not take advantage of!
But investing in dividends can be hazardous businesses can cut, slash, or suspend dividends at any time, usually without notice.
Fortunately, there are several warning indicators that could alert you, and these red flags could be the important element in determining whether or not a organization is likely to carry on having to pay its dividend. Right now, let’s drill beneath the surface and examine out DR Horton (NYSE: DHI). What’s on the surface? DR Horton, which operates in the homebuilding business, at present pays a dividend of one.26%. That dividend yield might not seem like considerably, but thinking about that a lot more than a hundred organizations in the S&P 500 never spend anything at all, it’s nothing to complain about. Plus, don’t forget, dividends usually grow with time, so that one.26% has the likely to skyrocket more than time.
But what is far more crucial than the dividend itself is DR Horton’s capacity to retain that cash rolling. The very first thing to appear at is the company’s reported dividends versus its reported earnings. If you take place to see dividend payments that are increasing more quickly than earnings per share, it may be an initial signal that one thing just isn’t appropriate. Check out out the graph under for facts of the past 5 a long time:
Clearly, there does not appear to be a difficulty, right here. Despite the fact that DR Horton’s earnings took a key nosedive not too long ago, it’s returned to profitability and has been able to preserve its dividend at the same time. The more safe, the greater:- One of the most widespread metrics that investors use to judge the security of a dividend is the payout ratio. This amount tells you what percentage of net income is paid out to investors in the kind of a dividend. Typically, something over 50% is lead to to search a bit more. According to the most latest information, DR Horton’s payout ratio is 19.46%. It’s clear that, at least on the surface, there aren’t any difficulties with DR Horton generating enough revenue to assistance that good dividend of 1.26%.
Far more essential than checking out the payout ratio might be merely taking a peek at DR Horton’s money flow. Cost-free money flow all the money left over following subtracting out capital expenditures is employed by firms to make acquisitions, develop new merchandise, and of course, spend dividends! We can use a straightforward metric referred to as the cash flow coverage ratio, which is money flow per share divided by dividends per share. Normally, something above one.2 should make you really feel comfy anything at all much less, and you may have a problem on your hands. DR Horton’s coverage ratio is 14.41, which is a lot more than enough money on hand to retain pumping out that 1.26% yield. Barring any unforeseen situations, there really should not be any key issues moving forward.
The Foolish bottom line:- Only you can choose what numbers you’re at ease with in the finish occasionally a increased yield and a larger reward means further threat. Nonetheless, when we seem at DR Horton’s payout ratio compared to its peer typical, we see that it is a reduced percentage, which illustrates that its dividend is probably much more sustainable. The bottom line, even so, is to make sure that with anything whether it be a dividend, a share repurchase, or an ordinary earnings report you do your own due diligence. Searching at all of the numbers in the greatest context achievable is just the very best place to begin.
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