Titan Medical Inc (TMDIF)

[66Mustang]

Mag, that was me suggesting Medtronic could buy us by the end of their fiscal year. Mostly being facetious, but there is some basic logic behind it. Look at their fiscal year acquisition history:
April, bought Laser Assoc. Sciences
July, Medicrea
August, Companion Medical
September, Avenu Medical
October, AI Biomed

(Digital Surgery and Stimgenics were earlier in the calendar year, but prior fiscal year).

Around the beginning of this fiscal year, MDT had indicated they had $10.9 Billion in cash plus $3.5B in untapped credit, with the intention of leveraging that for their acquisitions strategy. From the 2020 shareholders letter:

"We remain focused on investing in our business – both organically and inorganically through tuck-in acquisitions and minority investments – to keep our industry-leading pipeline of breakthrough innovations flowing. And we have increased our cadence of acquisitions."

"We will continue to use the strength of our balance sheet and financial position to supplement our internal, organic growth with key acquisitions to drive increased and sustained revenue growth in the future."

Do I expect anything to happen in the next 36 hours? No. Would it be nice? Hell Yes. Would it be in line with Medtronic's stated objectives? Hell Yes. Does it look like they have dropped the ball on their claims to continue their acquisition strategy for growth? Yup, nothing since October. And most of last year's acquisitions were small potatoes, relatively speaking, so their financial resources should remain largely intact for continued acquisitions. Maybe they've been saving up for a big one!