RMD 0.67% $37.53 resmed inc

I think it is a good time to buy, after being punished for the...

  1. 6,676 Posts.
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    I think it is a good time to buy, after being punished for the recall. However I read one brokers upgrade and have had it on "news alerts". This has provide a stream of positive news, and sentiment in recent times. Even the cost of the recall is likely to be mitigated somewhat as the supplier of the suspect part is willing to come to an arrangement for future power supplies. So it looked over sold.
    There are also some 12 month targets around well over $7.
    They are rolling out new products this month and entering a new sector of the market (poor fat people...tic).

    I've hopped in with the plan to pick up 30% inside 12months.

    I use the gut instinct method.

    Cheers

    Oscar

 
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8 466 $37.53
 

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