RMD 1.05% $37.39 resmed inc

oversold, page-64

  1. 564 Posts.
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    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

 
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