While they are two different businesses, the current negative sentiment around ResMed reminds me of the situation earlier in the year with AI and Universal Music Group. At that point, I pulled the trigger on buying Universal shares which were trading at €20. Saw it sink to €18, amid the plethora of articles saying AI will ruin the music industry and this is their Napster moment. I have to admit doubt started to creep into me as I digested all these articles coupled with the falling share price.
Two quarterlies later, and the share price is now back above €24.
The lesson there for me is ignore the short term narrative and noise, and focus on the business quality.
- Forums
- ASX - By Stock
- RMD
- Ann: ResMed Announces Results for the Fourth Quarter of FY2023
Ann: ResMed Announces Results for the Fourth Quarter of FY2023, page-203
-
- There are more pages in this discussion • 169 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CXO
Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
Add RMD (ASX) to my watchlist
|
|||||
Last
$28.65 |
Change
0.260(0.92%) |
Mkt cap ! $18.15B |
Open | High | Low | Value | Volume |
$28.66 | $28.72 | $28.40 | $27.16M | 949.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3810 | $28.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.66 | 9818 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2684 | 28.650 |
1 | 3009 | 28.640 |
1 | 3231 | 28.630 |
1 | 2925 | 28.620 |
1 | 3313 | 28.610 |
Price($) | Vol. | No. |
---|---|---|
28.660 | 9818 | 1 |
28.670 | 9818 | 1 |
28.680 | 9818 | 1 |
28.690 | 9818 | 1 |
28.700 | 14818 | 2 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
Featured News
RMD (ASX) Chart |