Topic: How To Invest

Power Growth Investor Hotline – Friday, February 5, 2021

Article Excerpt

RESMED INC., $202.17, is a #1 Power Buy for 2021. The firm, symbol RMD on New York, helps investors tap the growing market for medical devices used to treat sleep apnea. ResMed’s CPAP (nasal continuous positive airway pressure) medical devices are used to treat patients with chronic obstructive pulmonary disease as well as other respiratory conditions. With each new machine ResMed sells, it acquires a potential long-term customer for replacement parts. They include tubing, masks and so on, which must be replaced several times a year and so provide steady recurring revenue. The COVID-19 pandemic has also increased demand for ResMed’s life support ventilators, non-invasive ventilators, and ventilation mask systems. This should help keep the company’s revenues and profits rising in the near term. In the three months ended December 31, 2020, the company’s results show its resilient in the face of COVID-19. Revenue rose 8.7%, to $800.0 million from $736.2 million a year earlier. Earnings per share in the quarter jumped 16.5%, to…

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