TriZetto Group Inc. (TZIX) – BUY
Looking for a good stock to add to your portfolio? I’m going to play the stock picking game and track my results. Here is my current pick and I’m going to chart my progress over the next few months. I’m buying TZIX today January 4, 2008 at $16.26 per share. Why do I think this is such a great stock?
TriZetto Group Inc. develops, licenses, and supports software products for the health care industry in the United States. TheÂ health careÂ industry stocks have been on the rise for the past several years and with a growing number of baby boomers retiring health care will only become more important. The need for the latest technology is also increasing especially in the health care industry.
Even after spending nearly $60,000,000 in investments and capital expenditures they still had a positive cash flow. This has been the trendÂ for the past few years. TriZetto Group Inc. is also in the technology sector and the Health care Information Services industry. The stock at one time has reached levels of over $100 and it’s currently trading for around $16. Over the past year the stock has been up and down and it’s currently down. I suggest a buy now around $16 and then a sell in about four months at around $18 or $19 per share.