JohnnyGreig
Introduction
You are now reading my second Seeking Alpha article on Medtronic plc (NYSE:MDT) stock. I initiated coverage of this stock in late October 2023 and was able to point out to investors that the company was cheap near the local bottom. Since publication, MDT is up a whopping 27.61%, while the S&P 500 Index (SPY) is up 15.26% (ex-dividends in both cases):
Seeking Alpha, the author’s coverage of MDT stock
Although part of my old thesis that MDT is ‘too cheap to ignore’ no longer sounds as convincing as it did in October, some factors still lead me to believe that MDT’s full potential has not yet been realized.
Why Do I Think So?
In case you don’t know the company, Medtronic is a major (~$118 billion market cap) global medical technology company based in Minnesota, specializing in various medical devices across five key segments. The Cardiovascular segment is the largest, focusing on heart-related disorders….
