Medical Instruments and Supplies

Individual company worksheets may be downloaded by simply clicking on the company name.

Hill-Rom Holdings, Inc.
Buying your way to growth through acquisitions is, in my opinion, a losers strategy. All it seems to do is completely screw up a company’s financial statements. HRC has been trying to get the acquisition thing right year after year since 2011, and the only thing that seems to have changed in any appreciable amount is free cash flow, down 5% YOY, and debt, up 7% YOY. Not exactly stellar. Admittedly sales increased YOY 3% and earnings increased 4% YOY. I get it, you have to spend money to make money, and over time, acquisition spending should help the company gain market share and thus increase earnings. I just don’t think I want to be the one on one of the company’s surgical tables when it comes to my hard earned cash.

Hill-Rom Holdings, Inc. (NYSE: PHRC) – FYE 01/2017 – OVER VALUED – The stock is trading at levels above my current $64 close target – Please See Linked Worksheet

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.