Medical Devices: ConMed Corp. (CNMD)
With a market cap of only $1.2 billion, ConMed Corp. (CNMD) isn’t exactly a household name. That doesn’t mean CNMD stock can’t be a potent addiction to a portfolio, though.
ConMed develops surgical products and monitoring devices. At first glance, its lineup seems run-of-the-mill within the medical device world. The longer an investor studies its vast array of surgical products, however, the clearer it becomes that ConMed has mastered the art of minimally invasive solutions.
In this new era of stingier insurers and pickier patients, the importance of such procedures can’t be overstated.