NYSE:CNMDMedical Equipment
CONMED (CNMD) Stock Rallies On Profit Strength While Debt Still Looms
CONMED just handed short term traders a win. The stock jumped 8.7% to US$46.98 after Q2 numbers that put earnings, not revenue, in the spotlight. Adjusted earnings per share of US$1.38 and free cash flow of US$34.2 million gave the medtech company a cleaner profit story than recent headline margins implied.
For longer term investors, the real headline is the tension between that improving earnings power and a balance sheet that still carries meaningful debt. The rest of this report looks at...