Covidien Ltd.

COV-N

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about COV-N

Signal
Opinion
Expert
SELL
SELL
November 3, 2014

Company being taken over (by MDT-N) for a tax inversion and he sold it because the legislative agenda might change and tax inversion may not continue to be allowed. He would go back after the deal closes.

Covidien Ltd. (COV-N)
November 3, 2014

Company being taken over (by MDT-N) for a tax inversion and he sold it because the legislative agenda might change and tax inversion may not continue to be allowed. He would go back after the deal closes.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$92.420
Owned
Unknown
SELL
SELL
September 5, 2014

Medical devices. He sold it when they were acquired. Was a great performer. He is worried US government may ban these tax inversion strategies.

Covidien Ltd. (COV-N)
September 5, 2014

Medical devices. He sold it when they were acquired. Was a great performer. He is worried US government may ban these tax inversion strategies.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$88.440
Owned
No
BUY
BUY
June 23, 2014

He is going to tender it to the Medtronic (MDT-N) offer. He likes the combined company and it will be a core holding for him. Likes the healthcare business and where they are in it. The combined company will have more clout in dealing with vendors and customers.

Covidien Ltd. (COV-N)
June 23, 2014

He is going to tender it to the Medtronic (MDT-N) offer. He likes the combined company and it will be a core holding for him. Likes the healthcare business and where they are in it. The combined company will have more clout in dealing with vendors and customers.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$90.950
Owned
Yes
BUY
BUY
March 21, 2014

(Market Call Minute.) US healthcare stock. He likes the area and he likes the company. Buy it and hold.

Covidien Ltd. (COV-N)
March 21, 2014

(Market Call Minute.) US healthcare stock. He likes the area and he likes the company. Buy it and hold.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$70.440
Owned
Yes
BUY
BUY
January 30, 2014

Markets have run up so substantially last year that there are pockets of value but not a lot generally everywhere. He is hoping that Q1 provides some opportunities for him to enter into names that he wants to buy. If looking for companies that have stable like characteristics and generally grow slowly over time, these are the kinds of companies you want to own. He is adding this for new clients.

Covidien Ltd. (COV-N)
January 30, 2014

Markets have run up so substantially last year that there are pockets of value but not a lot generally everywhere. He is hoping that Q1 provides some opportunities for him to enter into names that he wants to buy. If looking for companies that have stable like characteristics and generally grow slowly over time, these are the kinds of companies you want to own. He is adding this for new clients.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$68.560
Owned
Yes
PAST TOP PICK
PAST TOP PICK
December 30, 2013

(Top Pick Dec 18/12, Up 30.11%) Economically sensitive because more employment means more health plans and more elective surgeries. Spun out a drug division and that helped his returns.

Covidien Ltd. (COV-N)
December 30, 2013

(Top Pick Dec 18/12, Up 30.11%) Economically sensitive because more employment means more health plans and more elective surgeries. Spun out a drug division and that helped his returns.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$67.910
Owned
Yes
BUY
BUY
November 25, 2013

Buying for new clients. It is the largest hospital supply company. Operating room supplies, disposable. Economically sensitive. Operating rooms are used more when people can do elective surgeries – employed and with health insurance. 1.9% dividend. They want to increase their payout.

Covidien Ltd. (COV-N)
November 25, 2013

Buying for new clients. It is the largest hospital supply company. Operating room supplies, disposable. Economically sensitive. Operating rooms are used more when people can do elective surgeries – employed and with health insurance. 1.9% dividend. They want to increase their payout.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$67.050
Owned
Unknown
BUY
BUY
October 16, 2013

American company headquartered in Ireland for tax reasons. Hospital supply, surgical supplies. Goes up and down with the economy because with insurance when you are working you get more elective surgery. Bought when people were out of work and stock price was depressed. It was not a problem with the company but with the economy. Leader in its sector.

Covidien Ltd. (COV-N)
October 16, 2013

American company headquartered in Ireland for tax reasons. Hospital supply, surgical supplies. Goes up and down with the economy because with insurance when you are working you get more elective surgery. Bought when people were out of work and stock price was depressed. It was not a problem with the company but with the economy. Leader in its sector.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$62.400
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 31, 2013

(A Top Pick July 27/12. Up 24.42%.) One of the things he liked is that it was US-based but Irish Incorporated for tax purposes. In the hospital supply business. Had a generic drug subsidiary, which was spun out to the shareholders at the end of June, which he sold as soon as he got it.

Covidien Ltd. (COV-N)
July 31, 2013

(A Top Pick July 27/12. Up 24.42%.) One of the things he liked is that it was US-based but Irish Incorporated for tax purposes. In the hospital supply business. Had a generic drug subsidiary, which was spun out to the shareholders at the end of June, which he sold as soon as he got it.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$61.630
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 25, 2013

(A Top Pick July 13/12. 29.1%.) Domiciled in Ireland but listed in the US for tax reasons. They make things like surgical gowns, scalpels and the kinds of things that hospitals cannot do without.

Covidien Ltd. (COV-N)
July 25, 2013

(A Top Pick July 13/12. 29.1%.) Domiciled in Ireland but listed in the US for tax reasons. They make things like surgical gowns, scalpels and the kinds of things that hospitals cannot do without.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$61.020
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 18, 2013

(A Top Pick June 26/12. Up 28.13%.)

Covidien Ltd. (COV-N)
June 18, 2013

(A Top Pick June 26/12. Up 28.13%.)

Norman Levine
Managing Director, Portfolio Management Corp
Price
$65.940
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
May 17, 2013

Recommended at $52.35 now $65.86, up 27.95% An American company based in Ireland for tax reasons. Creates health care products, used in surgery or doctors offices. They sensitive to the economy because when people aren't working they tend to put off surgeries. They are splitting off their generic drug division, which he views as a very positive move.

Recommended at $52.35 now $65.86, up 27.95% An American company based in Ireland for tax reasons. Creates health care products, used in surgery or doctors offices. They sensitive to the economy because when people aren't working they tend to put off surgeries. They are splitting off their generic drug division, which he views as a very positive move.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$65.770
Owned
Unknown
TOP PICK
TOP PICK
December 18, 2012

(A Top Pick Dec 14/11. Up 40.38%.) Provides small medical devices and services in the ORs, so it is economically sensitive. Headquartered in Ireland for tax purposes so the stock has lagged because many view it as European company. Also, have a generic drug division and will be spinning this off near the end of the 1st half of 2013.

Covidien Ltd. (COV-N)
December 18, 2012

(A Top Pick Dec 14/11. Up 40.38%.) Provides small medical devices and services in the ORs, so it is economically sensitive. Headquartered in Ireland for tax purposes so the stock has lagged because many view it as European company. Also, have a generic drug division and will be spinning this off near the end of the 1st half of 2013.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$58.110
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 2, 2012

(A Top Pick Oct 24/11. Up 21.17%.) Hospital supply company, mostly small things that go into the operating room. Also, have a generic drug division that they are in the process of spinning out. Based in Ireland for tax reasons and is really run out of Boston.

Covidien Ltd. (COV-N)
November 2, 2012

(A Top Pick Oct 24/11. Up 21.17%.) Hospital supply company, mostly small things that go into the operating room. Also, have a generic drug division that they are in the process of spinning out. Based in Ireland for tax reasons and is really run out of Boston.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$55.450
Owned
Yes
TOP PICK
TOP PICK
July 27, 2012
Cash cow. Likes health care a lot. They are in 3 different businesses. 1) Low-priced medical devices, 2) medical supplies that are used in operating rooms and 3) generic pharmaceuticals, which they will be spinning out in the next 12 months to their shareholders. They announced their intention to return 50% of their free cash flow to the shareholders. 1.3% dividend.
Covidien Ltd. (COV-N)
July 27, 2012
Cash cow. Likes health care a lot. They are in 3 different businesses. 1) Low-priced medical devices, 2) medical supplies that are used in operating rooms and 3) generic pharmaceuticals, which they will be spinning out in the next 12 months to their shareholders. They announced their intention to return 50% of their free cash flow to the shareholders. 1.3% dividend.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$55.530
Owned
Yes
TOP PICK
TOP PICK
July 13, 2012
Makes products that you need in hospitals that are very low margin, high-volume, e.g. Like syringes. A serial acquirer. Has a DRIP program. This will continue to grow.
Covidien Ltd. (COV-N)
July 13, 2012
Makes products that you need in hospitals that are very low margin, high-volume, e.g. Like syringes. A serial acquirer. Has a DRIP program. This will continue to grow.
Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$52.850
Owned
Yes
TOP PICK
TOP PICK
June 26, 2012
Medical instruments. Most of its products are in the operating room. Also have a generic drug division which they will be spinning off in the next year or two. The value of the 2 when separated will be more than what the current price is. Earnings have been growing very nicely. Will also be doing a buy back.
Covidien Ltd. (COV-N)
June 26, 2012
Medical instruments. Most of its products are in the operating room. Also have a generic drug division which they will be spinning off in the next year or two. The value of the 2 when separated will be more than what the current price is. Earnings have been growing very nicely. Will also be doing a buy back.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$52.350
Owned
Yes
TOP PICK
TOP PICK
May 23, 2012
Medical devices. Its products are largely in the operating room. As the US economy is doing better, operations are picking up. Located in Ireland for tax reasons. Also have a pharma business which they are planning on spinning out in the next year or so. The some of the 2 parts is more than what the company is trading at right now. 1.7% dividend and are planning on doing share buybacks.
Medical devices. Its products are largely in the operating room. As the US economy is doing better, operations are picking up. Located in Ireland for tax reasons. Also have a pharma business which they are planning on spinning out in the next year or so. The some of the 2 parts is more than what the company is trading at right now. 1.7% dividend and are planning on doing share buybacks.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$53.010
Owned
Yes
TOP PICK
TOP PICK
December 14, 2011
US company but incorporated in Ireland for tax reasons. That has been hurting the stock as people think it is an Irish/European company. Supplies operating rooms with items that have to be replaced quite often. Good price.
Covidien Ltd. (COV-N)
December 14, 2011
US company but incorporated in Ireland for tax reasons. That has been hurting the stock as people think it is an Irish/European company. Supplies operating rooms with items that have to be replaced quite often. Good price.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$42.160
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 29, 2011
(Top Pick Nov 9/10, Up 2.74%) Thinks they will sell their generic drug manufacturing business at some point. Whole hospital business was hit because people are delaying operations in the US. They can’t put them off indefinitely. High profit margin business.
Covidien Ltd. (COV-N)
November 29, 2011
(Top Pick Nov 9/10, Up 2.74%) Thinks they will sell their generic drug manufacturing business at some point. Whole hospital business was hit because people are delaying operations in the US. They can’t put them off indefinitely. High profit margin business.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$43.790
Owned
Yes
TOP PICK
TOP PICK
October 24, 2011
(A Top Pick Oct 6/10. Up 12.64%.) Main products are the small medical devices used in OR’s. Got hurt in the recession when people lost health care benefits and stopped having operations. This is starting to pick up a little bit. Sees organic and market share growth. Also have a generic pharmaceutical division that he believes they want to spin out or sell. Yield of about 2.5%.
Covidien Ltd. (COV-N)
October 24, 2011
(A Top Pick Oct 6/10. Up 12.64%.) Main products are the small medical devices used in OR’s. Got hurt in the recession when people lost health care benefits and stopped having operations. This is starting to pick up a little bit. Sees organic and market share growth. Also have a generic pharmaceutical division that he believes they want to spin out or sell. Yield of about 2.5%.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$46.950
Owned
Yes
TOP PICK
TOP PICK
November 9, 2010
Health care stock. Surgical devices in the operating room. Announced results that were better than expected. Thinks they will start to pickup.
Covidien Ltd. (COV-N)
November 9, 2010
Health care stock. Surgical devices in the operating room. Announced results that were better than expected. Thinks they will start to pickup.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$44.840
Owned
Unknown
TOP PICK
TOP PICK
October 6, 2010
Medical devices for ORs, pharmaceuticals and medical supplies. Based in Ireland. Stock was hurt with the Tylenol recall and a drop in surgeries with the drop in the economy. That is now stabilizing.
Covidien Ltd. (COV-N)
October 6, 2010
Medical devices for ORs, pharmaceuticals and medical supplies. Based in Ireland. Stock was hurt with the Tylenol recall and a drop in surgeries with the drop in the economy. That is now stabilizing.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$40.930
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 4, 2009
(A Top Pick Sept 8/08. Down 32.37%.)
(A Top Pick Sept 8/08. Down 32.37%.)
Matthew McCall
President, Penn Financial Group
Price
$35.650
Owned
No
TOP PICK
TOP PICK
September 8, 2008
Concentrates on medical and diagnostic equipment with a little bit of pharmaceutical. Thousands of products that they distribute over 60 countries globally. He is looking to buy this.
Covidien Ltd. (COV-N)
September 8, 2008
Concentrates on medical and diagnostic equipment with a little bit of pharmaceutical. Thousands of products that they distribute over 60 countries globally. He is looking to buy this.
Matthew McCall
President, Penn Financial Group
Price
$53.350
Owned
No
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