R59- IART($32)
Re, what do you think of this one ? Seems like a good risk/reward into earnings next week, as the company said their Boston Factory should be back on line this May or June, and gave guidance of $3.19 for 2024 and $3.60 for 2025. The stock has gotten demolished for almost 3 years now, and there are major concerns that the closing of their Boston Factory for the last year or so(due to recalls from 2018-2023), will have caused them to lose market share for their medical device product made there. However the recall has overall not yielded many problems. My feeling is, they wouldn't be opening up the factory if they thought they lost that much demand for the product. Using the guidance given, the stock is selling for less than a 9 PE going forward, in an industry that demands 25 PE or higher for the average medical device manufacturer.
