Resmed (RMD) - Investment that lets you sleep at night...Quant Buy ($5.60)....published July 2013....not much has changed

Resmed (RMD) - Investment that lets you sleep at night...Quant Buy ($5.60)....published July 2013....not much has changed. We rate RMD as Quant BUY with Quant Target Price (QTP) of $5.60. RMD has been a consistent outperformer during reporting periods as well as one of the best mid cap defensive beta stocks against the market. Despite trading at high multiples, RMD offers a stable quality healthcare business model with low gearing and double digit growth in an environment of expanding global demand. Given the bad press regarding cheap health care alternatives, market still values long term sustainable quality health care service providers. The consistent ability of RMD to deliver solid results and defensive nature will be hard to ignore for the market that is chasing earnings certainty. (VIEW LINK)