Resmed & Service Stream
If you still held RMD what are your thoughts now with the stock trading around $33? Also I hold a few SSM & it's a company that does not generate a lot of comments. Can I have your thoughts please. Thank you
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Answer
Hi Ian,
We got our timing wrong on the sale of Resmed (RMD), however if we still held, we’d be offloading at current prices. The reason for our sale still stacks up even though their earnings came in better than we (and the mkt) expected. Our RMD commentary is here.
Service Stream (SSM) has had a solid turnaround, but we’d be more inclined to sell into strength ~$1.25. The market is pricing in a decent amount of growth in FY24 earnings, although we caution, we have not kept as close to this stock in the last 6 months as we have in the past.
