ResMed set to awaken

This manufacturer of treatments for sleep apnea has faced a number of problems over the past year, but its future looks brighter.

The sharemarket has been a bit hairy over the past few weeks, which is just how we like it – throwing up plenty of opportunities. In these circumstances, therefore, it might seem a little perverse that our Buy recommendation for October has actually risen 10% over the past six months and 5% over the past three. As we shall see, though, there are good reasons for renewed confidence, and the market’s current funk may in fact be helping to keep a lid on the share price.

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