Jean Hynes has been managing the Vanguard Health Care Fund (Trades, Portfolio) since 2012. Hynes had big shoes to fill by taking over after legendary investor Ed Owens, who founded the company in 1984 and netted an outstanding 16% average return during the time that he ran the Vanguard Health Care Fund (Trades, Portfolio). In Hynes' first three years of managing the portfolio, she has netted outstanding returns of over 25% for the health care fund.
In the fourth quarter of 2015, the Vanguard Health Care Fund purchased 668,100 shares of Stericycle Inc. (SRCL, Financial).
Stericycle has a market cap of $10.18 billion, a P/E ratio of 38.43, an enterprise value of $11.05 billion and a quick ratio of 2.47.
Stericycle is a medical waste treatment company that was founded shortly after the U.S Congress passed the Medical Waste Tracking Act of 1988, after they realized that illegally disposed medical waste products were washing ashore on the Atlantic Coast.
The company had very little cash and very few customers in the early years of Stericycle's existence. The company started to gain significant momentum in 1992 when the company hired vigilant leader Mark Miller to take over as CEO of the company.Â
In Miller's first year as CEO, the company opened four plants; however, Stericycle was still struggling financially. The company went public in 1996 on the Nasdaq, trading at $9 per share. Shortly after Miller's decision to take the company public, Stericycle started a consulting service.
The company took a calculated risk and acquired BFI’s medical waste business, which at the time was nine times larger than Stericycle's business.Â
The acquisition of BFI’s medical waste business ballooned the company's employees to 1,800 overnight. In 2000 Stericycle was ranked as Fortune Magazine’s 10th fastest growing company in the U.S. as well as the medical waste industry leader in North America. The company continued to grow and in 2008, the company had over $1 billion in revenue.
The company's overall success may have had an impact on Hynes' decision to purchase 668,100 shares of Stericycle Inc. She has netted over 27% return for the Vanguard Health Care Fund (Trades, Portfolio) since she began running the fund in 2012.
Cheers to your investment success.
