P/E Compression at Medtronic

A reader sent this in. I don’t have much to add, but notice how strongly Medtronic‘s ($MDT) Price/Earnings Ratio got squeezed over the past decade. The lesson is that price matters (not a new lesson, but an important one).

Posted by on August 25th, 2011 at 3:12 pm

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.