RMD 0.55% $30.98 resmed inc

Buy RMD now and get great upside returns in a year or two, page-185

  1. 1,843 Posts.
    lightbulb Created with Sketch. 178

    Thats just because they settled the lawsuit.

    Although, I guess it does add a degree of uncertainty surrounding competition, although in my opinion, once the company has been dragged through the mud, its going to take a long time to clean its image.

    https://hotcopper.com.au/data/attachments/6133/6133587-a2bccf179c4d15fef2e5a6a540c56acb.jpg
    If I were requiring a CPAP machine, I'd be going with the market leader, not one that's had a recent recall.

    https://hotcopper.com.au/data/attachments/6133/6133594-ce47230e4cbc9819ef0a18e3d95272cd.jpg
    Orders also have fallen.

    I guess we'll get a clearer picture on the impact in the morning.

    It'll be interesting to see how RMD.NYSE responds, although google pre market showing slight green.
    https://hotcopper.com.au/data/attachments/6133/6133588-1cd6842ad69719c9bba71f1642a775da.jpg
    But can easily go one way or the other very quickly.

    I'd say this wont amount to much anyway. You need only look at the 6% share price decline on Thursday 18th April when lillys terzepatide weight loss drugs results came out. Share price dropped to $27.63, If you'd bought you'd be up almost 18% in just over a week.
    Last edited by Alex.shipway: 29/04/24
 
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