Accumulation Zone

75% being first time GLP-1 users is the key takeaway. Oral Wegovy is a gateway that is expanding TAM. $NVO $HIMS

@NotA_Bull As sentiment normalizes, people are remembering that $UNH is still a cash generating healthcare giant with massive scale and profitability. I would love to add more on a pullback after this move.

$UNH surges again… I think people forget that this is VERY profitable company and STILL a great discount.

@VJNCapital I added more $MSFT while it was under $400

$MSFT just fell below $400 again

@wealthmatica Looking forward to it!!

Friday is a day I’ll be dropping a lot of content. - New Substack. - New Interview. You’ll have a lot of materials for this weekend.

@HatedMoats It really is that easy haha.

Life lesson: Load with $UNH every time it's below $300

I like to think that’s exactly what’s creating the opportunity here. As always, I try to stay unbiased with new information coming out and assess, “Does it damage the original thesis or strengthen it”? The sentiment feels disconnected from what we’re seeing commercially. Maybe the market is focused on near term execution and competitive fears, while I’m looking at where this space could be 5-10 years from now. Either way, it’s always refreshing getting insight from someone who actually prescribes these therapies and sees the patient side of the equation every day. Invaluable insight Doc. Keep up the hard work. I love the content and your perspective.

Sounds like you have strong reasoned conviction, wishing you the best!! I agree with the TAM expanding, I’ve also alluded to similar points on my posts. I actually use a whole range of novo products at work already eg. Novomix, novorapid insulin injections for my patients. I’m excited by the prospect of prescribing Wegovy pill to my patients too, and potentially cagrisema for T2D patients with obesity too given the incredible benefits of semaglutide. Definitely a massive role for Novo in the expanding obesity TAM. I don’t understand the negative sentiment from the market however. Sometimes fundamentals can be in place, but the market can be irrational. Market doesn’t behave logically. At times, balance sheet can also look handsome but the market doesn’t give a toss (eg. DUOL!!)

Added more $NVO today. When I look at the next 5-10 years, I see A global obesity market that keeps getting larger. A pipeline that extends beyond today’s products. Yet the stock trades as if growth is over. That’s the disconnect I’m buying.

@TheStockerMan Yessir exactly. Unfolding in front of us.

@AccumulationZ The Amazon of healthcare

This company was never meant to stay a US telehealth app selling a few medications. The real vision is to become a global, vertically integrated consumer healthcare platform. Global expansion is already happening. Through Eucalyptus, $HIMS is gaining exposure to markets like Canada, the UK, Germany, Australia and Japan instead of building every operation from zero. Then come peptides. $HIMS acquired a US peptide facility, giving the company more control over manufacturing, supply, personalization and potentially margins. Peptides could eventually expand the platform into areas like metabolic health, hormonal health, recovery and longevity, depending on regulatory and clinical progress. The thesis is becoming clearer: Expand globally. Enter more healthcare categories. Own more of the supply chain. Use AI and data to personalize treatment. Build long-term relationships with customers across multiple parts of their health. The market keeps judging $HIMS based on short-term GLP-1 noise. I’m focused on what this platform could become over the next five to ten years. This is exactly why $HIMS remains one of my next high-conviction growth bets.

@EnergyWaterFood The oral market is still in its infancy too. If adoption continues at this pace, I wouldn’t be surprised to see estimates revised higher again over the next few years.

@AccumulationZ Goldman admits they have been way to conservative on NVO's Wegovy Pill, raising its 2030 oral obesity market share from 16% to 38% and more than doubled its peak sales estimate from $8B to $17.4B. Just the start of many more admissions to come.

Fair point Doc. The S&P is definitely the more predictable choice. My view is that $NVO valuation already reflects a lot of bad news, while the obesity market is still expanding rapidly. If that thesis plays out, I believe the upside from today’s price is far greater than what I’d expect from the S&P over the next few years. Once again dependent on the thesis playing out, but that’s a bet I’m willing to take.

@AccumulationZ Looks really undervalued to me! Horrible opportunity cost though, had that money been in an index fund the returns would have been more predictable Do you think the stocks valuation would increase more than the S&P over the next 2-3 years?

@KickWestra Especially at these levels with a solid dividend. I plan to continue accumulating and reinvesting dividends until the market figures it out.

@AccumulationZ It's insane how undervalued it is vs the market opportunity that's out there.

The 2026 Mid-Term Elections are fast approaching. Projected political ad spend: $10B - $11B That's a massive amount of money flowing into digital advertising, streaming, and local media. My top beneficiaries: $ZETA - $META - $GOOGL - $ZETA

@StockChaser_ $NVO is trading at 9.8x earnings despite Oral Wegovy becoming one of the most successful drug launches in history. I’d go with undervalued.

Is $NVO undervalued or is the market correctly pricing in future weakness? The Wegovy pill launch has been the best GLP-1 drug launch: • 3M+ US prescriptions in 5 months • 80%+ of new prescriptions came from patients new to GLP-1s The pill is expanding the market, not simply cannibalizing injections However, at the same time: • Weak 2026 guide • CagriSema fell short of Lilly’s tirzepatide • $LLY continues gaining competitive ground At 9.8x PE, $NVO looks historically cheap Is this a good entry or a value trap like PainPal?

@VJNCapital $MSFT got stronger while valuation became cheaper. Fully scaled into my position. If we go lower, I will continue to add.

$MSFT still trading at the same valuation as the Covid lows At the time revenue was growing 13% Now it is growing at 18%

@DoubleSpeakPod @TheRonnieVShow Completely agree. Best of luck to you my friend. 🤝🏼

@AccumulationZ @TheRonnieVShow I added 13k to my position today. Weekly chart just looks too good, we’ll see

The hardest lesson are learned through failure. Retail is selling. Hedge Funds are buying. $ZETA

@Aktieland Couldn’t agree more. Fundamentals and price are showing a huge disconnect. Once sentiment starts to shift, we will be in for a ride.

Adj. for dividends, $NVO trades at the same level as August 4, 2021 — before the obesity market started. Since then, Novo Nordisk has built a dominant position in obesity treatment, expanded globally & increased earning The market can be irrational for a while #NovoNordisk

@Investinc_Intel Yeah i’m not sure what the bears see lmao. $HIMS has a very bright future.

$HIMS IS A FUTURE 100B+ MCAP

@OkaneInfinite I agree most people would rather take a pill than a weekly injection. Early signs point to market expansion.

@AccumulationZ The pill will eat into injections. Probably has already started. Nobidy wants a shot for weight loss. The Wegovy pill is the best diet pill.

The obesity market is still expanding, oral Wegovy is opening the door to new patients, and prescription growth continues to accelerate. $NVO