RE:RE:RE:RE:Beacon August 10, 2023 Doug Cooper| dcooper@beaconsecurities Very good points.
I use Resmed and Philips as convenient examples. I did well on RMD and have a high regard for their management generally.
But you're right. There are several players who would align well. And many players who are not even in this space now but who would be only to happy to play in the future.
The key is the nature of the market. Fragmented. No dominant interest yet and pre-shakedown as they used to say with plenty of small players who can be broomed up.
Domestic and non unionized. And COPD is not going away
And the big one - what is a respirator company today could easily morph into a multi-disciplinary palliative care enterprise with unique focus on residential/rural service and care using internet based access. We have had this discussion a few times now.
The numbers say yes. 1000 employees - half RTs about 30% percent under capacity, 96,000 customers and over 10,000 on vents. And shockingly good financials with a B/S to die for.
What's not to like. Those who challenge this model should simply look at the trend lines.