RMD dropped over 4% yesterday as it continues to struggle with supply chain issues – a problem many companies on the ASX will need to navigate over the next 12-24 months. Importantly, we must remember that the issues will be transitory, and the quality companies like RMD will overcome them, it’s amazing the solutions that come from adversity for those with the fight mindset. We continue to like RMD after its 24% pullback although a dip down to $30 cannot be discounted, our 6% position is large enough otherwise we would be considering averaging into this week’s pullback.
NB MM owns RMD in our Flagship Growth Portfolio from $34.67.
MM likes RMD if it dips towards $30
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