Below is a brief note written by CEO Keith McCullough explaining why we're adding Mednax (MD) to the long side of Investing Ideas today:
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My 1st immediate-term #oversold signal of the day in a long idea is going to be a name Tom Tobin's Healthcare Team just turned bullish on, Mednax (MD). This is a name they didn't like during a -50% decline but they see the fundamentals that drove that decline turning. Per their recent Institutional Research note, their Maternity Tracker data has been forecasting a recovery in birth trends heading into 2018, a positive tailwind for ~50% of MD revenue and likely margins. Buy on red, KM |
