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

Wright Medical Continuing To Gain Share In A Growth Market

While Wright Medical (NASDAQ:WMGI) has gotten caught up in the same sell-off that has hit many other small-cap, med-tech stocks, the underlying performance of the business continues to improve. Wright Medical is outgrowing the lower extremities market, and still has balance sheet flexibility to add products or distribution in areas like extremity devices/tools and biologics. Even with the decline in the share price, this is not a cheap name, but it does offer above-average scarcity value in an increasingly acquisitive med-tech market.

Above-Market Growth Once Again

Wright Medical continues to show good sales momentum and share growth in its core lower extremities market. The company also continues to make progress with its margin improvement initiatives.

Revenue rose 26%...

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