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After the bell, Stryker (SYK) reported Q4 EPS of 74 cents which is in line with estimates. Sales rose 3.6% to $1.72 billion. The company said that EPS for 2009 will range between $3.12 and $3.22. The company earned $2.83 for 2008 so that’s growth of 10% to 13%...not bad for a depression. Last month, the company increased its dividend by 21%.

Here's the earnings call transcript from Seeking Alpha. Also, here's the recent EPS trend:

2002: $0.88
2003: $1.12
2004: $1.43
2005: $1.75
2006: $2.02
2007: $2.40
2008: $2.83
2009: $3.12 to $3.22 [est]

Six months ago, I wrote: “I like Stryker a lot but I wouldn’t mind seeing it cheaper.” Well, the stock is 38% cheaper.

Since Stryker's IPO, the stock is up 49,160%. Berkshire Hathaway (BRK.A) is up “only” 45,222%.

Disclosure: Author holds a position in SYK.

Source: Stryker's Earnings Not Bad, Attractive Share Price