I’m looking for a long term investment in a sea of overvalued bio & tech companies.
Globus Medical caught my eye as a potential candidate after a large dark pool sell and recent pullback in indexes
Globus Medical's index membership is Russell 1000, Russell 3000 and S&P Midcap 400.
Financial Observations:
PE ratio of 37 a return to 2017 levels. 7B Market Cap Consistent Year over Year revenue growth. Nominal Debt Exceeds earnings expectations Steady asset growth Regular employment growth
Personal Experience
A surgical clinic I do marketing and websites for recently added one of the Globus Medical robot arm surgical assistants.
The chief surgeon told me his surgery averages went from 1hr to 10m.
The client has also made it a priority for us to increase marketing spend and patient intake support to increase daily surgery capacity.
I’m curious to know what the more seasoned investors think of GMED and if this is a good time to make an entry for a long term holding.
Not Financial Advice. Just my own Personal Investment Due Diligence.