Orthopedic device makers back in play
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Created by arnabdgp
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Date updated:04-06-2007

After limping through most of 2006, companes that make devices to repair arthritic hips and damaged knkees have found their stride. Last summer,shares of industry giants Stryker, Zimmer, and Biomet hit their lowest prices since 2003 amid government probes, Medicare concerns and weaker pricing. Since then, the orthopedic-device sector has recovered.Piper Jaffray analyst says,"They are growing revenues faster than the rest of the market and they have siginificant opportunity to improve margins. Investors should keep in mind that the industry giants in terms of market share are Stryker,Zimmer, and Biomet.The long term outlook for orthopedic device makers is very positive according the American Academy of Orthopaedic Surgeons as the continue to see new technologies making it possible for people living longer and maintaining active lifestyles- Barron's

symbol name last price % change open
  • +
  • SNN
    Smith&nephew Plc
  • $48.51
  • -1.04%
  • $47.65

Last month, Smith and Nephew agreed to buy Swiss-based Plus Orthopaedics and leapt over Biomet to become the world's fourth largest hip and knee implant company, grabbing about 12% of the market.

People owning SNN also tend to own: AESBLUDCNICOHCRSCSCOCTSH

TheStreet.com Rating: B What is this?

  • +
  • WMGI
    Wright Medical Gr
  • $18.15
  • -2.84%
  • $18.01

Wright Medical controls 2% of the artificial joint market. Though tiny compared to its rivals, Wright has one of the industry's fastest growing bottom lines."Management is doing a good job of bringing down costs and keeping up research and development", says Fountainhead's Bennett, valuing Wright's stock at $33 to $34 a share. Looking to revitalize week knee-implant sales they launched a stature spoecific knee joint last month created specifically for women and smaller men.

People owning WMGI also tend to own: ABBAEOSANDEAQNTCHINACOPDIOD

TheStreet.com Rating: C What is this?

  • +
  • SYK
    Stryker Cp
  • $49.69
  • -1.39%
  • $49.34

No Analysis added

People owning SYK also tend to own: AUYBHPCHKCVSGRMNLMTNVT

TheStreet.com Rating: B- What is this?

  • +
  • ZMH
    Zimmer Holdings I
  • $58.52
  • -1.00%
  • $57.93

No Analysis added

People owning ZMH also tend to own: APSGCYTRADXMSRAAPLAATICAT

TheStreet.com Rating: B- What is this?

  • +
  • BMET
    Bmet
  • $0.00
  • N/A
  • $N/A

No Analysis added

People owning BMET also tend to own: ATRSCBSSCCUCLEDGGHCIGY

TheStreet.com Rating: No Rating What is this?

 

Start Price

Return Value

Start Date
SNN 63.03 -23.04% Apr 6th
WMGI 22.56 -19.55% Apr 6th
SYK 68.28 -27.23% Apr 6th
ZMH 88.05 -33.54% Apr 6th
BMET 42.78 ------ Apr 6th

Average return:

 -25.84%

Success rate:

 0%

Tracking Started: 04-06-2007

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