Medtronic: Superb Quality, Growing Dividend and Historically Low Valuation
Medtronic Inc. (MDT) has a legacy of being one of the best managed and therefore most consistent generators of profitable growth of any publicly-traded company.
Summary and Conclusions Medtronic is an extremely high-quality company that the stock market has overvalued for many years. However, thanks to the great recession of 2008, Medtronic’s stock price has finally come down to reasonable levels. Even if you consider that Medtronic's earnings growth will slow to high single-digit or low double-digit rates, we believe this company is very attractively valued and offers a solid and growing dividend yield. We believe it is very rare to find such a high-quality company with a great track record and well-defined future as attractively valued as Medtronic is today.