Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Red-Hot Novadaq Shows There's Green In Being Green

There aren't a lot of great med-tech growth stories these days, and many of those are already quite expensive. Novadaq Technologies (NASDAQ:NVDQ) is hardly cheap at almost 22 times sales, but this company is very early in its product launch life and could see revenue grow from about $25 million over the trailing 12 months to perhaps $1 billion down the road.

With an affordable, safe, easy-to-use diagnostic system that delivers very real benefits in terms of lower complication rates and costs, Novadaq has an impressive opportunity as well as strong partners like LifeCell and Intuitive Surgical (NASDAQ:ISRG) to help them realize those opportunities. I think it's relatively easy to argue that Novadaq is worth about...

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