RMD 0.63% $38.11 resmed inc

oversold, page-64

  1. 564 Posts.
    lightbulb Created with Sketch. 102
    jdon
    I think you hit the nail on the head.

    I'm a big fan of the stock, management and how they have grown the business, but at $16 the price seems to have outpaced it's already high historical P/E, so a miss was always going to have a significant impact to the price.

    As you say, and I agree that the market is doing a rerate of the business given the miss, the higher debt levels (due to the significant purchases they have made in the last 2 years - ~2bn), and how the new businesses are going to contribute, so I agree that it may take some time to regain its previous price (then again, who knows in this market). 

    Again a big fan of the stock, but a price drop does not necessarily mean value, and be careful of confirmation bias

 
watchlist Created with Sketch. Add RMD (ASX) to my watchlist
(20min delay)
Last
$38.11
Change
-0.240(0.63%)
Mkt cap ! $22.38B
Open High Low Value Volume
$38.50 $38.57 $37.66 $49.01M 1.287M

Buyers (Bids)

No. Vol. Price($)
1 6322 $38.11
 

Sellers (Offers)

Price($) Vol. No.
$38.12 8095 3
View Market Depth
Last trade - 16.10pm 27/11/2024 (20 minute delay) ?
RMD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.