Short now, but will be long shortly
http://www.reuters.com/article/marketsNews/idINBNG27681920081013?rpc=44
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Monday Oct 13..."Wachovia Capital Markets LLC upgraded medical device makers ResMed Inc (RMD.N) and [...] to "outperform" from "market perform," citing higher revenue growth and margin expansion.
Respiratory equipment maker ResMed should benefit from additional business from Apria Healthcare Inc [AHG.N], a strong balance sheet and currency impact on earnings given a greater weakening in the Australian dollar, analyst Michael Matson said in a note.
Resmed is based in U.S. and listed in Australia. Matson expects underlying revenue growth for the company to remain in the mid-teens."
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Short now, but will be long...
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