Medtronic, Inc. (NYSE:MDT)
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A medical technology Company alleviating pain, restoring health, and extending life for millions of people around the world.
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A medical technology Company alleviating pain, restoring health, and extending life for millions of people around the world.
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MDT is one of my Core Stocks in my personal portfolio. There are many reasons to love this company for the next 10-20 years from now. Below are a few reasons from my notes:
*MDT is a medical technology company with a rich pipeline. They use this pipeline to dominate market share in almost all of their segments that they compete in.
*This is nothing new, but our population is getting older and this is good news for MDT. It is estimated that the population that is in their 60’s in the United States alone will increase from 18% to 25%.
*(In the financial department), while they have some debt on their balance sheet, their overall finance is pretty healthy. They general about $3.8 billion in free cash flow every year for the last 5 years and counting. Presently the stock is selling at 11 times forward earnings.
* And to put icing on the cake; they offer a 2.13% dividend Yield. Sounds like a great company to me. Long MDT.