OSIS - OSI Systems: Security Provider Is On Fire
2024-05-27 12:41:18 ET
Summary
- OSI Systems is mostly a security business, with its largest and most profitable segment driving real growth here.
- The optoelectronics and healthcare divisions have seen declining revenues and margins, highlighting the potential for OSI to become a more focused business.
- While momentum is strong, I am cautious to chase the shares here at all-time highs, anticipating some kind of normalization here.
It has been a very long time since I covered shares of OSI Systems ( OSIS ), in fact, it was the summer of 2016 when I concluded that appeal was increasing despite a somewhat troubled deal. Fast forwarding in time, OSI has seen solid growth and this has resulted in real value being delivered for its shareholders, all of which makes an update on the investment case long overdue....
OSI Systems: Security Provider Is On Fire