RMD -4.22%: At a conference overnight, the CEO of RMD Rob Douglas has painted a fairly challenging picture around supply chains, more or less reiterating what F&P Healthcare (FPH) said yesterday. He said rising freight costs and semiconductor chip shortages are curbing its ability to meet surging global demand for its devices. Rob went onto say that RMD was seeing almost “unlimited demand” for its products as a major recall from its competitor Philips continues, but they are having trouble keeping up. “We’re pulling out all stops there as to what we can. But unfortunately, there still will be a shortfall of treatment,” Mr Douglas said. To put some numbers around this, US based research house KebBanc now think it will be very challenging for RMD to reach the expected $300-350m benefit from the recall. Resmed was down ~8% overnight and opened sharply lower this morning before partially recovering.
scroll
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Question asked
Performance update for March, stocks that drove returns & our current positioning
Close
Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
Close
Market Matters Research Lead Shawn Hickman with David Koch
Close
We remain long RMD in our Flagship Growth Portfolio
Add To Hit List
In these Portfolios
Related Q&A
Thoughts on ResMed (RMD) please
Your view on several stocks
ResMed (RMD) Stock Report
Holdings MM is considering adding to into weakness
Updated thoughts on ResMed (RMD) please
Thoughts on some property stocks please
Is RMD an uncertainty opportunity?
Sell the Ramsay Health Care (RHC) bounce?
Why is ResMed (RMD) still in decline?
Does MM believe ResMed (RMD) has been handled harshly post-result?
Is MM selling RMD with another sharp drop in US market on Friday?
Does ResMed inc. (RMD) have more room to run?
What are MM’s favoured recession proof Healthcare stocks?
Does MM still like TPG, RMD GMG?
Question on ethical stocks
Healthcare stocks
Relevant suggested news and content from the site
Video
WATCH
Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
Podcast
LISTEN
Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
Daily Podcast Direct from the Desk
Video
WATCH
Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.