Novo Nordisk: Enjoying The Tailwinds Of A Growing Market

shapecharge   Investment Thesis In A Nutshell Novo Nordisk (OTCPK:NONOF) is the market leader in an industry with strong entry barriers, pricing power, and low elasticity of demand. The company is enjoying the long term tailwinds of an increasing population with diabetes and obesity related diseases, which has allowed for a significant reinvestment rate in organic growth, acquisitions, and production facility expansion. Its high returns on invested capital, recurring revenues, low debt, and excellent ca ...