Sanofi-Aventis: Quite Suitable for My Defensive Portfolio

UltraLong submits:

I hold pharmaceutical companies because they are good defensive plays, offer decent dividend income and are currently fairly valued. Also, I believe that in the long run, aging baby boomers in the western world and people rising to middle class in the east will drive up the revenues big time. While food, water and shelter are high on everybody’s priority list, prevention and treatment of illness is not far behind. The modern medicine can do wonders and the ever increasing number of pharmaceutical products helps people to increase quality of life and even life expectancy.