RMD 0.54% $37.28 resmed inc

Interesting news but I wouldn't lose any sleep over it (haha)...

  1. 396 Posts.
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    Interesting news but I wouldn't lose any sleep over it (haha) quite yet.  Its a very recent announcement that has not so far hit the US stock sites (like Marketwatch etc) as far as I could see. Maybe by tonight we will find out how important that news is, if at all.  Maybe RMD will appeal.

    BMC is a Chinese company that (imho) is at best, only looking to shore up huge mainland sales. At worst, it could cause hurt RMDs sales worldwide, but RMD has a lot of competitors already, and has managed to stay strong thanks to it high quality products.

    The amount of US shortselling of RMD is at its lowest for quite a while... Short Selling - RMD  and analysts are overall still fairly bullish. Just my humble opinion, so dyor etc.
 
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