Smiths Group Announces Welcome Separation of Medical Division; Shares Attractively Valued
Smiths Group's announcement of the separation of its medical division solves one of the three issues that have been weighing on the stock: the uncertain long-term strategic direction for the medical division, recent declines in the medical division's revenue, and the detection division's loss of market share with port customers. Details are still murky, but we take the medical division's separation news as a welcome solution to the strategic question, as it was the division with the greatest lon...
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