Teleflex's Growth Underpinned by the Continued Success of Recent Acquisitions
No-moat Teleflex reported a solid third quarter, but we're not sure it justifies the stock's 10% move higher. While hitting on what we think is the key metric for investors--organic revenue growth--and modestly higher, but low quality, management outlook on earnings is the primary near-term driver of performance, we think investors should take a longer-term view when valuing the firm. The company reported a quarter in line with our expectations, and we plan no meaningful changes to our forecast ...Teleflex is a provider of medical technology products. The company primarily designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. The company's product categories within its geographic segments include vascular access, which provides devices that facilitate a variety of critical care therapies and other applications; anesthesia, which comprised of airway and pain management product lines; and interventional, which consist of a variety of coronary catheters, structural heart therapies, and peripheral intervention products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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