MASI - Masimo: Promising Developments

2024-05-12 10:10:54 ET

Summary

• Masimo is looking to reverse its deal for Sound United, which caused a sell-off in share price and raised concerns about distraction from the core healthcare business.
• The Company's core expertise is in non-invasive monitoring systems, with a focus on measurement through motion.
• Despite challenges and softer financial results, MASI's healthcare business has potential for revenue growth and profitability, especially after separating from Sound United.

In December, I believed that there were lots of moving parts in the case of Masimo ( MASI ) . The "diworsification" deal for Sound United which closed in April 2022 raised concerns as Masimo was moving away from its core expertise and subsequently caused a real overhang on the business....

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