Globus Medical: Still Very Attractive After NuVasive Selloff

May 04, 2023 5:41 AM ETGlobus Medical, Inc. (GMED) StockGMED
Zach Bristow
4.17K Followers

Summary

  • Globus Medical caught headlines after announcing the NuVasive merger.
  • Investors have wiped out considerable equity post-announcement, but the worst may be now priced in.
  • An informed appraisal of GMED's growth engine reveals the ability to compound shareholder value looking forwards.
  • Net-net, I reiterate GMED stock is a long-term buy.

Future of Medical Checkup

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Investment Summary

Since the last updates provided for Globus Medical, Inc. (NYSE:GMED), several major updates have occurred. Chief among these, GMED announced its merger with NuVasive on 8th February via an all-scrip transaction. As a quick reminder, both

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4.17K Followers
Equity strategist (US Equities)Technical focus on fundamental value drivers of business economics to uncover high probability long-term compounders. Seeking to buy at appropriate prices relative to intrinsic worth. Partners are represented over the cross-section of financial markets, from speculators, hedgers, long-term traders and the public. Research covers investment securities and futures & options markets. Shoot me a message to talk trade ideas or portfolio construction. Disclaimer:All research is strictly for informational purposes only. Not to be considered investment advice. Conduct your own due diligence. The Company accepts no responsibility for personal decisions made. Opinions of The Company and its affiliates may change from time to time without prior acknowledgement. The Company and its representatives share no economic relationship with any entities in which it holds common stock investments.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of GMED either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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