"What do holders make of this? Took me by surprise."
Personally, I am not a fan of companies making corporate acquisitions.
My experience is that it invariably results in a transfer of value from the acquirer to the shareholders of the company being acquired.
From what I can discern - on the basis of the limited research I've done on the business RMD is buying - this is a meaningful departure from Resmed's core competency of the diagnosis and treatment of sleep disorders.
This is most a unusual thing for Resmed to do.
In summary, I am not very happy about it.
It worries me.
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$35.15 |
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Mkt cap ! $22.19B |
Open | High | Low | Value | Volume |
$35.01 | $35.31 | $35.01 | $16.86M | 480.4K |
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8 | 308 | $35.14 |
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4 | 332 | 35.070 |
Price($) | Vol. | No. |
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35.120 | 611 | 4 |
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