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Stock Lists: Cash-Rich Medical Appliance Stocks

|Includes: CUTR, PRSN, TECH, Waters Corporation (WAT)

Screen Criteria:

All of the Medical Appliance companies mentioned below have significant cash levels relative to operating expenses. (Link to original post)

Ranking of This List:

Based on performance data over the last month, this list is currently ranked 230 out of 284 lists tracked by Contextuall.com. In other words, the company characteristics described below have outperformed 19.01% of lists in Contextuall's coverage universe.

Average Weekly Returns:

Average 1-Week Return of All Stocks Mentioned Below: -0.14%

Average 1-Month Return of All Stocks Mentioned Below: -0.34%

Analysis of List Alpha:

Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Week): 2 out of 4 (50.0%)

Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Month): 1 out of 4 (25.0%)

(List sorted by monthly performance, from best to worst)

1. Waters Corp. (NYSE:WAT): Designs, manufactures, sells, and services high performance liquid chromatography, ultra performance liquid chromatography, and mass spectrometry (NYSE:MS) instrument systems and support products primarily in the United States, Europe, Japan, and Asia. Average quarterly operating expense over the last five quarters at $330.72M, vs. most recent cash and short term investments at $1448.44M, implies a Cash / Avg. Operating Expense ratio at 4.38.

2. Techne Corp. (NASDAQ:TECH): TECHNE Corporation and its subsidiaries engage in the development, manufacture, and sale of biotechnology products, and hematology calibrators and controls primarily in the United States and Europe. Average quarterly operating expense over the last five quarters at $37.76M, vs. most recent cash and short term investments at $273.07M, implies a Cash / Avg. Operating Expense ratio at 7.23.

3. Cutera (NASDAQ:CUTR): Engages in designing, developing, manufacturing, marketing, and servicing laser and other light-based aesthetics systems for practitioners worldwide. Average quarterly operating expense over the last five quarters at $19.99M, vs. most recent cash and short term investments at $80.13M, implies a Cash / Avg. Operating Expense ratio at 4.01.

4. BSD Medical Corp. (BSDM): Develops, manufactures, markets, and services systems to treat cancer and diseases using heat therapy delivered using focused radiofrequency (NYSE:RF) and microwave energy. Average quarterly operating expense over the last five quarters at $2.5M, vs. most recent cash and short term investments at $11.1M, implies a Cash / Avg. Operating Expense ratio at 4.45.