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medical supplies posts

Baxter International Is Undervalued

Posted Jan 11th 2010 10:00AM by Joseph Lazzaro (RSS feed)
Filed under: Baxter Intl (BAX), Stocks to Buy

Baxter International's (BAX) shares have bumped up against resistance at $60 over the past three months, but I'm reiterating my buy rating for the company's shares, first recommended on March 13, 2009, at a price of $51.16. Here's why:

Versatility remains Baxter's key. Baxter makes a variety of medical products across three divisions, including drugs and vaccines, dialysis equipment, and IV supplies. The company should record a FY2010 revenue increase of 7% to 10%, led by demand for recombinants, plasma proteins, and antibody therapies in its bioscience unit.

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Philips solidifies health care presence with Respironics buy

Posted Dec 21st 2007 7:39PM by Joseph Lazzaro (RSS feed)
Filed under: Other Issues, Deals, Competitive Strategy, Stocks to Buy

Amsterdam-based Royal Philips Electronics will buy Respironics for $5.2 billion or about $66 per share, Philips announced Friday in a statement.

Respironics, Inc. (NASDAQ: RESP) shares surged more than 20% on the news, gaining $12.23 to $65.34. Koninklijke Philips Electronics NV (ADR) (NYSE: PHG) shares declined 80 cents to $43.35 in Friday afternoon trading.

Philips said the acquisition significantly strengthens Philips Healthcare, will provide a strategic platform for further growth, and also leverages the acquisitions of Lifeline and Raytel.

Pennsylvania-based Respironics manufactures masks and ventilators for use in patients homes for the treatment of breathing disorders.

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