Savvy Trades and Investments

[wadegarret]

IART CC is now over- here is my view

I think the stock has been decimated to a 9 PE going forward vs the industry 20-27 PE going forward, for concern that without the Boston Factory, their earnings would go down substantially. However it appears to me, that with their present products, eps guidance is only down 5% from where it would have been even if the Boston Factory were back on line. Therefore, with $3.05 avg being guided for 2024, with all products doing well(excluding the 2 products made at Boston Factory), with mid to high single digit revenue growth expected in the second half, that a 9 PE going forward is cheap, and I don't think there's much downside from here at this point.