IART($28.90)- Wadegarret portfolio holding into earnings
Generally I don't like to hold, but this medical device manufacturer has gotten decimated. I believe the stock is over sold, and could go up 35%+ next week if things are any better than horrible ! They said in their last earnings report, that they expect the Boston Factory to be up and running again by June. However, when they delayed the Q1 report by 3 weeks, investors feared the worst, and sent the stock down another 15% ! So here we are, a $75 stock 2-3 years ago, and now $28.90 ! In the meantime, the company gave guidance of $3.19 for 2024, and analysts feel $3.60 in 2025, assuming the Boston Factory comes back on line soon. PEs in the medical device sector average 25 going forward !
