Investment Thesis
Abiomed 5-year share price performance. Source: TradingView
The medical device industry has produced a number of notable share price winners in recent years, owing to advances in technology and the companies that have found ways to apply new technologies to augment or enhance existing medical treatments.
Top-performing medical device stocks DexCom (DXCM), Intuitive Surgical (ISRG), BioTel, and Abiomed (ABMD) vs. S&P 500 past 5 years. Source: TradingView
As we can see above, the likes of continuous glucose monitoring manufacturer DexCom (my March note here), cardiac monitoring device maker BioTel (my Jun note