This company manufacturers and sells a medical device known as the CPAP. Consisting of a motor, tube and mask, the CPAP pumps a steady continuous flow of air through the mask and into the nose of a person while they are sleeping. Sleep apnea and chronic snoring are both known to be 100% neutralized when using this device. History has been full of remedies for these two conditions, and up until the CPAP entered the market, none of them ever worked. The downward trend in RMD’s stock price over the past 4.5 months has been something I’ve monitored closely, and if my weekend number crunching hadn’t been put off until today due to school, I’d have struck when the market opened on Monday. That is not the case, but regardless, I’m going in for 2400 shares at 41.54.
My instincts began to take over on my speculation regarding State Street Corp. last night, as I had spelled out clearly in the prose written yesterday that my expectations weren’t anything more than 10% over a year. I think that’s a very conservative estimate, but my instinct was to write it, so that means something. It’s a good case study in whether or not I’m wise to trust first instincts in such a way, and if the stock breaks out I’ll learn something. RMD will easily become the most expensive stock I’ve ever bought, with a P/E ratio over 52. And so, I essentially have decided to forgo the reasonably priced sedan that gets excellent gas mileage in lieu of a sports car I’d been drooling over for a long time now.
Sold ADBE at 40.12 after noticing that insiders cashed in last week. No need to retain this one. PBR had a 2:1 split, and is up almost 4% today. BAM is having a good run as well. Overall, a hell of a way to start the week.