Syndicate
Dental Stocks
One of our favorite sectors to trade is dental related stocks. This sector may sound pretty unexciting compared to tech stocks, oil and gas stocks, etc, but this sector has been very good to us over the years. Dentistry is a subject that no one likes to talk about unless you are a dentist. What is it you think of when you think of dentistry? You think of pain, needles, pain, root canals, and more pain if you are like most people. When we think of dentistry, we think of money! Over the past five years, some of our best finds have been in dental related stocks. We invested in Sybron Dental (NYSE: SYD) back in the year 2002 when the company was trading for as little as $ 12. Over the past few years, SYD has risen as high as $48. We found Centerpulse (NYSE CEP) at around 10 dollars back in 2002. Within a year it rose to around $30. The grandfather of all of them was Schick Technologies (NASDAQ: SCHK). We found SCHK when it was trading for less than two dollars on the bulletin board. From that time on, SCHK graduated to the NASDAQ and in recent times rose as high as $45! As is more than obvious, dentistry and microcaps have proven to be a good combination!
Dentistry is a commodity that is also a necessity as most good investments are. Dental expenditures topped $84 billion in the year 2005 according to the American Dental Association (ADA). Dental health expenditures have more than doubled over the past ten years and are expected to approach $150 billion within the next ten years. There is great opportunity for dental companies with a practically $70 billion influx expected over the next decade. Similarly, there is great opportunity for investors to capitalize on dental stocks.