Topic: How To Invest

Could I have your recommendation on ResMed? Thanks.

Article Excerpt

ResMed Inc., $37.35, symbol RMD on New York (Shares outstanding: 142.0 million; Market cap: $5.3 billion; www.resmed.com), develops, makes and distributes medical equipment for treating, diagnosing and managing respiratory disorders, such as sleep-disordered breathing (SDB), which includes obstructive sleep apnea and other similar conditions. The company markets its products in over 70 countries through wholly owned subsidiaries and independent distributors. ResMed continues to buy other small firms that add to its product lineup. In July 2011, it purchased BiancaMed, an Ireland-based medical-technology company that makes devices for monitoring sleep and breathing. BiancaMed’s SleepMinder product uses a motion sensor to track breathing and movement without being in physical contact with the subject. In addition, ResMed recently bought Germany-based Grundler GmbH, which develops humidifiers that are used for medical purposes. These products can be combined with a wide range of medical ventilators, including neonatal and pediatric devices. ResMed will keep Grundler’s existing staff and facilities, and the business will become part of ResMed’s newly created…