Guys, I have been mentioned RMD before. Resmed makes CPAP machines and masks to treat Sleep Apnea. This is a great company in a rapidly growing industry. I got my client into the stock in the low 30s, and we still love the stock. My target is 58 a year out based on 20PE plus cash. Nice little dividend here too.
I like the stock in the short-term. There is an island gap that I expect to be filled - upside to at least a test of 50 over the next month. I wanted to share that I had dinner last night (i.e. Passover seder) with one of the countries largest internet dealers of CPAP equipment. He is incredibly bullish on the company's prospects. This was encouraging, as I was under the impression that the internet market was actually BAD for RMD.
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