Ann: ResMed Announces Results for the Fourth Quarter of FY2023, page-298

Resmed is one of only six stocks The Intelligent Investor currently has a "buy" recommendation on. It was upgraded a couple of weeks ago.

They conclude "we're being well compensated for the risks at today's share price". I agree. And this was when the price was 12% higher than today.

All businesses face competition and disruption. Market leaders, with strong R&D spending, and many years of excellence can adapt to, or deal with threats.

A lot of the negative commentary overlooks the fact many users of Resmed's products -- as well as medical professionals -- are fiercely loyal and effectively brand ambassadors. If you use such a product every night, interact with the app, and know it's changed your life, you're going to tell everyone about it and recommend it.

If I'm happy with the price of a stock today, I buy it today. I'm not a fan of waiting another three or six months and hoping it will be cheaper then. If it's cheaper in 3-6 months, I'll buy more then.

Whilst I'm only human, and a little worried about the share price today or tomorrow (the constant, daily price drops is getting *ridiculous*) , logically, I'm not worried about Resmed as a company. It's going to do just fine. And at which point, the share price will respond accordingly.