WMGI - Groundhog Day At Wright Medical As The Lower Extremity Business Disappoints
“History doesn’t repeat itself, but it often rhymes,” Mark Twain (disputed)
Wright Medical’s (WMGI) problems with its lower extremity business in the second quarter of 2019 aren’t the same as the company’s prior issues in that business, but the Street doesn’t care. The fact remains that while Wright Medical still offers comparatively attractive growth rates and operating leverage within the med-tech space, the company has shown itself to be unreliable and unpredictable, whatever the reason(s) may be, and investors hate paying premiums for unreliable performance.
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