ADVFN - Advanced Financial Network.
HOME» NYSE » R » RMD Stock Price » RMD Stock News

Resmed Share News

 Resmed Inc. Stock Price
RMD Stock Price
 Resmed Inc. Stock Chart
RMD Stock Chart
 Resmed Inc. Stock News
RMD Stock News
 Resmed Inc. Company Information
RMD Company Information
 Resmed Inc. Stock Trades
RMD Stock Trades

TIP SHEET: Invesco Health Fund Seeks Out-Of-Favor Stocks

By Peter Loftus Of DOW JONES NEWSWIRES Derek Taner is on the hunt for health-care stocks that are out of favor due to company stumbles, but with potential to bounce back strongly. Taner manages the $1.1 billion Invesco Global Health Care fund (GGHCX), whose year-to-date returns of 17.1% outpace the average return for health-care funds tracked by Morningstar, as well as the Standard & Poor's 500 Index. "Our sweet spot has been to try to focus on companies that for whatever reason have stubbed their toe," said the San Francisco-based Taner. "We pick a stock with the idea that 18 months or two years out, the problems are fixable. The company still generates lots of cash ...and at some point that'll come back into favor." One example he cites is Quest Diagnostics Inc. (DGX), which provides diagnostic and laboratory services. The stock's performance has trailed that of rival Laboratory Corp. of America Holdings (LH), partly because Quest's acquisitions in recent years haven't boosted earnings as much as Lab Corp.'s, Taner said. But he sees few other reasons to justify why Quest shares should trade at a discount to Lab Corp.'s--Quest trades at 13 times projected full-year earnings while Lab Corp has a 16 times multiple. He sees improved financial results in the second half of the year propelling Quest shares. Quest shares have bounced back from a trough in the mid-40s last summer, trading recently around $57.65. Taner also likes medical-equipment maker CareFusion Corp. (CFN). He said the business wasn't being managed as profitably as it could have been, but the company in February named former ResMed Inc. (RMD) chief executive Kieran Gallahue as its new CEO. Taner expects Gallahue to cut costs and take other steps to improve profitability. CareFusion shares have bounced back to around $28.57 in recent trading from a low of $20.63 in July. Not every holding in Taner's fund fits the profile of out-of-favor stock waiting to bounce back. He also likes Amarin Corp. (AMRN), which is developing the drug AMR101, designed to lower high triglycerides. High triglycerides are a risk factor for heart-related problems. Amarin's American depositary shares have skyrocketed to $18.77 in recent trading from as low as $2.02 in July thanks to the release of positive results of clinical trials of the drug. Taner thinks the drug can generate annual sales exceeding $2 billion if it's cleared by regulators. Taner has mostly avoided large pharmaceutical stocks because most are facing patent expirations for top-selling drugs, which will trigger sales-eroding generic competition. He does, however, like Teva Pharmaceutical Industries Ltd. (TEVA), the biggest stand-alone generic-drug maker. -Peter Loftus, Dow Jones Newswires; +1-215-982-5581; (TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments. Talk Back comments can be found under the N/TLK code)

Stock News for Resmed (RMD)
05/22/201602:40:00Adaptive Servo-ventilation (ASV) Therapy Suggests Positive Cardiovascular...
05/16/201606:30:00ResMed Life Support Ventilators to Join World's Largest Remote...
05/13/201606:00:00International Trade Commission to Investigate Chinese Manufacturer...
04/26/201616:05:00ResMed Inc. Announces Results for the Third Quarter of Fiscal...
04/04/201616:05:00It's a New Day for HME Business Efficiency
03/28/201616:05:00ResMed to Announce Third Quarter Fiscal Year 2016 Results
03/17/201619:52:11Statement of Changes in Beneficial Ownership (4)
03/17/201616:44:28Statement of Changes in Beneficial Ownership (4)
03/14/201612:48:24Statement of Changes in Beneficial Ownership (4)
03/07/201615:19:04Statement of Changes in Beneficial Ownership (4)
03/02/201613:16:37Statement of Changes in Beneficial Ownership (4)
02/29/201613:34:27Statement of Changes in Beneficial Ownership (4)
02/29/201613:32:37Statement of Changes in Beneficial Ownership (4)
02/29/201610:35:07Statement of Changes in Beneficial Ownership (4)
02/26/201609:36:00Statement of Changes in Beneficial Ownership (4)
02/22/201616:07:25Current Report Filing (8-k)
02/22/201616:05:00ResMed to Acquire Brightree® for $800 Million
02/17/201616:51:32Statement of Changes in Beneficial Ownership (4)
02/16/201606:13:01Amended Statement of Ownership (sc 13g/a)
02/10/201613:14:05Amended Statement of Ownership (sc 13g/a)

Resmed and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations