Stockchase Opinions

Jamie Murray Teleflex Inc. TFX-N PAST TOP PICK Oct 02, 2018

(Past Top Pick May 4, 2018, Down 2%) It pulled back heavily after August earnings. There were concerns over legacy products lines and weak organic growth. He used that pullback to double his position. Still likes it. There's margin expansion as they consolidate their manufacturing operation. They have high-growth product lines with EPS growth at 15%. He really likes the medical products space because of the aging population.

$264.700

Stock price when the opinion was issued

electrical electronic
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TOP PICK
A conglomerate. Good products. Will be cyclical.
TOP PICK
Revenues have been down which has knocked the stock price down.They have strong free cash flows.Dividend yield has been rising.
BUY
Prefers over General Electric (GE-N). A mini General Electric conglomerate. In a lot of the areas that GE is in but has much better free cash flow.
BUY
A mini GE. Has better growth and is not a big behemoth. Has performed much better than GE (GE-N) over time.
SELL
Sold his holdings in August when there was a change in management and they had 3 bad quarters.
HOLD
(Market Call Minute.) Wouldn't buy it as they are at the bottom of the totem pole. They manufacture products for OEM equipment and pricing pressures are a huge problem for them right now.
TOP PICK

Medical device manufacturer. Very diverse product portfolio. Revenues going up. Margin improving. Should lead to mid-teens earnings growth. (Analysts’ price target is $279.91)

WEAK BUY
BSX-N vs. TFX-N. TFX-N is a smaller high growth company. BSX-N is a market leader but recovering from a few years of bad management. He has a low $40s target in a year. He would stick with it.
PAST TOP PICK
(A Top Pick May 04/18, Up 24%) He actually doubled his position. They're still growing their margins and are making acquisitions. The multiple and stock price have ticked, but earnings not as much. Wait for a better entry point. The execute well.