Invacare
New York symbol IVC, makes wheelchairs, motorized scooters and other mobility and home care products.
WESTERN UNION CO. $16 (New York symbol WU; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 619.1 million; Market cap: $9.9 billion; Price-to-sales ratio: 1.9; Dividend yield: 2.0%; TSINetwork Rating: Above Average; www.westernunion.com) earned $249.4 million in the three months ended September 30, 2011. That’s up 0.6% from $247.9 million a year earlier. Due to fewer shares outstanding, earnings per share …read more »
Shares of these two medical-device makers fell recently after their latest earnings missed expectations. However, the aging baby-boom generation should spur long-term demand for their products.
C.R. BARD INC. $90 (New York symbol BCR; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 86.6 million; Market cap: $7.8 billion; Price-to-sales ratio: 2.8; Dividend yield: 0.8%; TSINetwork Rating: Above Average; www.crbard.com) makes medical devices …read more »
INVACARE CORP. $30 (New York symbol IVC; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 32.4 million; Market cap: $972.0 million; Price-to-sales ratio: 0.6; Dividend yield: 0.2%; TSINetwork Rating: Average; www.invacare.com) makes home-care and mobility products, including wheelchairs and motorized scooters.
Many of Invacare’s customers rely on certain Medicare and Medicaid programs to help them pay for motorized wheelchairs and other …read more »
These four suppliers of medical devices and services will face higher costs as new U.S. health-care reforms are put in place. However, all four should continue to benefit as health spending grows and the population ages. Demand for their products is also rising overseas.
MCKESSON CORP. $78 (New York symbol MCK; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 254.3 million; Market …read more »
INVACARE CORP. $27 (New York symbol IVC; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 32.4 million; Market cap: $874.8 million; Price-to-sales ratio: 0.5; Dividend yield: 0.2%; TSINetwork Rating: Average; www.invacare.com) makes wheelchairs, motorized scooters and other mobility and home-care products. The company is using a new $400-million line of credit to buy back $146 million of 9.75% notes. This will …read more »
INVACARE CORP. $25 (New York symbol IVC; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 32.3 million; Market cap: $807.5 million; Price-to-sales ratio: 0.5; Dividend yield: 0.2%; WSSF Rating: Average) makes wheelchairs, motorized scooters and other mobility and home-care products.
The company may have to pay $12 million to $14 million a year in new taxes. That’s because the U.S. Senate recently …read more »
INVACARE CORP. $23 (New York symbol IVC; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 32.1 million; Market cap: $738.3 million; Price-to-sales ratio: 0.4; WSSF Rating: Average) makes wheelchairs, motorized scooters and other mobility and home-care products.
Invacare spends much less on research than Baxter, Bard and Beckman— typically less than 2% of its revenue. That’s because it mainly focuses on improving …read more »
Medical-device sales have suffered lately, partly because of the recession. As well, proposed reforms to the U.S. health-care system could limit or cut the amount that hospitals and clinics can recoup from insurance companies. This could leave them with less to spend on medical devices.
However, these are essential products, so sales should rebound over the next few months, regardless of …read more »
INVACARE CORP. $23 earned $0.30 a share in the second quarter of 2009, up 36.4% from $0.22 a year earlier. Much of the gain came from the company’s ongoing restructuring plan, which started in July 2005. Under the plan, Invacare is shifting production of wheelchairs, motorized scooters and other mobility and homecare products to low-cost countries and simplifying its product …read more »
INVACARE CORP. $15 (New York symbol IVC; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 32.2 million; Market cap: $483.0 million; WSSF Rating: Average) makes wheelchairs, motorized scooters and other mobility and home care products.
Many of Invacare’s customers rely on reimbursements from the Medicare and Medicaid programs to fund purchases of motorized wheelchairs and breathing apparatus. Due to new restrictions on …read more »
