Agree, kinda disappointed with the markets reaction.
At a quick glace I noticed revenue grew whilst cost of sales fell indicating resmeds dominant market position and their ability to rise prices and improve margins.
Growth story is still well and truly in tact, in my opinion resmed will be earning a lot more in 5 years than it is today.
And I'm also guessing the AUD will be a lot weaker against the USD good opportunity for Australian investors here.
The nature and volume of the sell off makes me wonder what instos are doing though, they must be dumping a fair bit.
News: ResMed profits rise , page-3
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Last
$37.39 |
Change
0.390(1.05%) |
Mkt cap ! $22.38B | |||
| Open | High | Low | Value | Volume |
| $37.30 | $37.39 | $37.07 | $9.449M | 253.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 44 | $37.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.39 | 2573 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RMD (ASX) Chart |
