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Weekly News, Analysis, and Commentary

Power Rankings

Power Rankings: April 14th, 2014

Robin Young’s Entirely Subjective Ordering of Public Orthopedic Companies

This Week: The stock market is correcting. All bull markets have corrections. The typical correction is defined as a decline of 10% or less in a relatively short period of time. This correction started on March 21, when the NASDAQ index was at 4,276 and volume clearly showed sellers dominating trading. A 10% drop from there would take the index to 3,850. Most vulnerable? Growth company stocks.

Rank Last Week Company TTM Op
Margin
30-Day Change
Comment
1
1
Zimmer
27.31%
(5.48%) Persona Knee drove a 10% recon sales bump in Q4 and one of Wall Street’s top analysts, Mike Matson, just raised his price target.
2
3
Johnson & Johnson
26.58
3.49 Investors are looking for quality with growth and Stryker epitomizes that. Q1 estimates from Wall Street’s analysts are for 6.20% sales growth.
3
2
Stryker
15.71
(2.78) To grow 6.30% in 30 days means that JNJ’s market value rose by a whopping $17 billion! Our guess…dividend rising.
4
4
Medtronic
28.84
(1.05) Analysts falling all over themselves to praise MDT’s drug coated balloon. What about spine? Crickets chirping…
5
6
Orthofix
6.75
33.29 Interestingly analysts are signaling a large (50%) revenue growth pick up from Q1 to Q2.
6
7
Alphatec Spine
(5.21)
2.50 Finally, financials. And a new chairman. Whew! That took a while. Maybe now OFIX can get to the business of growing.
7
8
Smith & Nephew
20.25
(4.01) Completely new vibe at Alphatec. More confident, relaxed and forward looking. Les Cross and team making a difference where it counts. Growing the biz.
8
5
Integra LifeSciences
11.77
(8.94) Strategically, SNN appears to be moving to wound care and MIS, Outpatient care. Scopes for knees, hips, shoulders…everything?
9
9
NuVasive
6.30
(12.27) 80 unique products, 3 major new product launches, expanding margins. But the Street is pricing that into the stock.
10
10
Globus Medical
28.29
(11.65) Huge number of new products in the pipeline. Is sales force overwhelmed? Not quite yet. For investors, valuation is the issue. GMED is expensive.

Top Performers Last 30 Days

Company Symbol
Price
Mkt Cap
30-Day Chg
1 Orthofix OFIX $31.55 $574 33.29%
2 Aurora Spine ASG $4.86 $76 15.71%
3 Johnson & Johnson JNJ $96.87 $273,980 3.49%
4 Alphatec Holdings ATEC $1.44 $140 2.50%
5 CryoLife CRY $9.63 $270 1.16%
6 ArthroCare ARTC $48.50 $1,667 0.73%
7 Tornier N.V. TRNX $18.81 $913 -0.58%
8 Medtronic MDT $59.20 $59,248 -1.05%
9 Stryker SYK $79.36 $30,014 -2.78%
10 Smith & Nephew SNN $73.75 $13,191 -4.01%

Worst Performers Last 30 Days

Company Symbol
Price
Mkt Cap
30-Day Chg
1 MiMedx Group MDXG $5.68 $600 -22.09%
2 TiGenix TIG.BR $0.69 $111 -21.48%
3 Baxano Surgical Inc BAXS $1.05 $50 -14.63%
4 Wright Medical WMGI $28.49 $1,420 -13.27%
5 Bacterin Intl Holdings BONE $0.63 $35 -12.50%
6 NuVasive NUVA $32.88 $1,530 -12.27%
7 Symmetry Medical SMA $9.01 $338 -12.18%
8 Globus Medical GMED $22.97 $2,146 -11.65%
9 Integra LifeSciences IART $43.99 $1,426 -8.94%
10 ConMed CNMD $42.68 $1,161 -6.20%

Lowest Price / Earnings Ratio (TTM)

Company Symbol
Price
Mkt Cap
P/E
1 Zimmer Holdings ZMH $91.50 $15,423 15.93
2 CryoLife CRY $9.63 $270 15.93
3 Medtronic MDT $59.20 $59,248 16.06
4 Johnson & Johnson JNJ $96.87 $273,980 17.64
5 Exactech EXAC $22.63 $309 18.84

Highest Price / Earnings Ratio (TTM)

Company Symbol
Price
Mkt Cap
P/E
1 NuVasive NUVA $32.88 $1,530 87.63
2 Symmetry Medical SMA $9.01 $338 67.87
3 ArthroCare ARTC $48.50 $1,667 32.03
4 Integra LifeSciences IART $43.99 $1,426 27.73
5 Smith & Nephew SNN $73.75 $13,191 23.73

Lowest P/E to Growth Ratio (Earnings Estimates)

Company Symbol
Price
Mkt Cap
PEG
1 Exactech EXAC $22.63 $309 1.05
2 Globus Medical GMED $22.97 $2,146 1.44
3 Zimmer Holdings ZMH $91.50 $15,423 1.74
4 ConMed CNMD $42.68 $1,161 1.80
5 Stryker SYK $79.36 $30,014 2.17

Highest P/E to Growth Ratio (Earnings Estimates)

Company Symbol
Price
Mkt Cap
PEG
1 NuVasive NUVA $32.88 $1,530 8.44
2 Symmetry Medical SMA $9.01 $338 5.66
3 CryoLife CRY $9.63 $270 3.98
4 Integra LifeSciences IART $43.99 $1,426 3.26
5 Johnson & Johnson JNJ $96.87 $273,980 2.96

Lowest Price to Sales Ratio (TTM)

Company Symbol
Price
Mkt Cap
PSR
1 Alphatec Holdings ATEC $1.44 $140 0.68
2 Symmetry Medical SMA $9.01 $338 0.84
3 Bacterin Intl Holdings BONE $0.63 $35 1.04
4 RTI Biologics Inc RTIX $3.80 $215 1.08
5 Exactech EXAC $22.63 $309 1.30

Highest Price to Sales Ratio (TTM)

Company Symbol
Price
Mkt Cap
PSR
1 TiGenix TIG.BR $0.69 $111 19.41
2 MiMedx Group MDXG $5.68 $600 10.13
3 Globus Medical GMED $22.97 $2,146 4.94
4 Wright Medical WMGI $28.49 $1,420 4.64
5 ArthroCare ARTC $48.50 $1,667 4.41

PSR: Aggregate current market capitalization divided by aggregate sales and the calculation excluded the companies for which sales figures are not available.