Guy Adami Likes MCK

Guy Adami said on CNBC's Fast Money that he likes McKesson Corporation MCK. McKesson (MCK) closed at $69.06 today, and Guy Adami thinks that investors should be careful at these levels and buy MCK if it breaks above $70. Guy Adami added that MCK trades at 13.5X 2011 earnings, which makes it fairly valued. It is also important to say that Goldman Sachs GS added MCK to its conviction buy list. McKesson Corporation (MCK) has projected its earnings above analyst estimates, and management recently increased a stock buyback program by $1 billion to $1.5 billion.