Opinions
David Driscoll
Carl Zeiss Meditec
AFX-O
PAST TOP PICK
Mar 25, 2025
N/A
Stock price when the opinion was issued
medical services
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TOP PICK
Price target of 83.58 Euros, trading in Germany
They make lenses for microscopes used by surgeons, and mirrors for ASML. Share are down from 150 Euros due to slowing sales in China and North America. They also make laser surgery equipment. But it's an asset-lite company with tons of cash. It trades at 13x PE 2026. If interest rate decline, they will benefit.
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All his past picks on this date were small-caps and chosen, based on him expecting US interest rates to fall. All were turnaround plays. He used dollar-cost averaging. AFX peaked in March 2024, fell in July and since up slightly. Is turning around now. Fell because Chinese sales weakened, but that is recovering now. Is buying more.