How A ’73 Ford Led Me To This Trade…
I couldn’t believe what I had just heard. My wife and I were standing outside a tow yard looking at an old truck. A 1973 Ford F250 to be exact.
I had finally talked my wife into driving to check it out. Not only did she give me the go-ahead, but she even admitted that she liked the classic pickup. So I handed over the cash, got the title, hopped in the truck, and drove it home.
I had been looking at old trucks for the better part of a year. But I hadn’t found the perfect pickup, yet. Plus, my wife wasn’t too enthusiastic about having an old truck parked in the driveway. Until now.
Things Used To Be Simpler (But Not Necessarily Better)
As I was working on it the other day, I was amazed, remembering how relatively easy it is to work on old trucks compared to today’s vehicles. My 1973 truck doesn’t have any computer components to it, like today’s vehicles. It also has a ton of space underneath the hood. You can easily reach down and adjust the timing belt, change the spark plugs, or tweak the truck’s idle. Hell, you can even see the ground.
You pop the hood on my new truck and it’s so compact and tight under there, it can be daunting just to find the oil dipstick.
Yet, as easy as it can be to work on my old truck, when something goes awry it can be frustrating and time-consuming to figure it out. For instance, let’s say the coolant is leaking. It could be something as simple as replacing the pressure cap on the radiator, or as complex as replacing the head gaskets.
The testing and diagnostic process on old trucks is really a trial-and-error methodology.
Yet, if something goes wrong on my new truck, it can typically be diagnosed within minutes. Plug in a vehicle diagnostic reader into your truck’s computer and it’ll tell you exactly why that check engine light is on, or what else is amiss.
With today’s technology, we take for granted a lot of things that once took hours, days, weeks, or months to figure out. I’m not just talking vehicles either. The advancements in testing and diagnostics have been critical in every industry in the world.
Today, the big advancements in testing and diagnostics have been in the technology, health, pharmaceutical, and biotechnology fields.
Think about it… if you got sick 10 years ago didn’t know what was wrong, you were treated with a broad-spectrum antibiotic. That’s similar to me diagnosing what’s wrong with my truck. It’s trial by error. A hit-or-miss process.
Studies show that more than 75% of infections in the United States go undetected. Millions of dollars are spent each year by patients on tests that don’t tell them anything. Of course, we don’t have the magic cure yet, but we have made tremendous strides in recent years.
The Optimistic Side Of Covid-19 Testing
Unfortunately, Covid-19 testing has become a political hot topic. There’s a lot of pessimism surrounding the matter. I’m not here to spark a debate about Covid-19 testing. Instead, I want to talk about something that I haven’t seen anyone else bring up…
Think about this: within months of the novel (new) coronavirus being discovered, scientists had the genome sequence mapped out and were rolling out tests to identify folks who had the virus.
Again, I think we take these things for granted because of the advancements in technology. But if we take a step back, it should be easy realize the fact that this was even at all possible is a pretty darn good accomplishment. If they had this sort of technology during the last major pandemic (Spanish Flu) it would have likely saved millions of lives (it killed 50 million).
In the months following the Covid-19 outbreak, not only have we rolled out tests, but the tests have greatly improved. In fact, the Food and Drug Administration (FDA) authorized a new Covid-19 saliva test, pioneered by Yale University and the National Basketball Association (NBA). The test could cost less than $10, and only needs saliva — as opposed to the more invasive nasal swab test that’s currently used.
Then on the vaccine side of things, it would be an incredible accomplishment if we had a vaccine rolled out anytime soon. For perspective, the mumps vaccine — considered the fastest ever approved — took four years to go from collecting viral samples to licensing a drug.
Of course, for anything to get approved, it falls back to diagnostics and testing…
Action To Take
Between my experience with that ’73 Ford and reading intensively about what’s going on in the race for a Covid-19 treatment got me to thinking…
The testing and diagnostic market is a massive opportunity for innovative companies to disrupt. Fortunately, there are a number of companies that are dedicated to improving this process (including my latest pick over at Maximum Profit).
That’s why my research recently led me to one of the leading providers of products and services used for testing and diagnostics. That includes helping labs address their Covid-19 challenges and bottlenecks.
I won’t get into the details on this pick today, out of fairness to my subscribers. But this idea has also led me to winning names such as DexCom (Nasdaq: DXCM), Teledoc Health (Nasdaq: TDOC), and Catalent (Nasdaq: CTLT), to name a few. And even after rallying substantially lately, they’re still names are worth considering right now.
And on a similar note, my colleagues recently discovered something that’s about to upend the entire healthcare industry…
It’s nothing short of a medical miracle, and it’s primed to completely transform how you and I get our medicine…
It’s cheaper (95% cheaper in fact), it’s faster (it can make medicine on-demand), and best of all, Big Pharma can’t butt in.
To learn more, you’ll have to check out the report. But this breakthrough could transform everything about how your medicine is made…
From vaccines, antibiotics, and insulin to brand new treatments for Alzheimer’s & cancer…