We’re Getting Old and Fat, Buy Zimmer

by Travis Johnson, Stock Gumshoe | January 13, 2009 11:16 pm

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Source URL: https://www.stockgumshoe.com/2009/01/were-getting-old-and-fat-buy-zimmer/


6 responses to “We’re Getting Old and Fat, Buy Zimmer”

  1. Valentanchur says:

    I like Zimmer on technicals and will be buying for a short-term play (with stops and exit point). Earnings are 29 January and I’ll be out before then, just in case. Thanks for the tip, Travis. Let’s hope 2009 treats you better than 2008, investment-wise. I must say, I would be very wary of any long-term buy and hold for the moment.

  2. mkilgore says:

    FYI my whole strategy is currently buy and hold. Yes I look at technicals and read and read before I buy, but in the end I ask one question “will this stock beat the return on my savings account in the next 20 years?”. If the answer is “yes” (which it almost always is) and I have the money, than I likely buy. So, as you can imagine, with this kind of rational and this kind of market, I am currently buying as much of whatever I can.

    Thank you Travis for your insight, honesty, and apparent lack of ego.

  3. JOHN BRAZELTON says:

    Technicals are awful for this stock. Zero out of five positive. A print at $39 reverses the uptrend. Credit Suisse ranks this Neutral and is very worried that the company lost both hip and knee market share. They say “ZMH is challenged, visibility in and quality of earnings is low, and the outlook is unlikely to materially improve anytime soon. We are moving to the sidelines given the valuation”. They lowered the EPS estimate to $4.25. I agree, sidelines for now. Not a time to park money in a stock and pray. Others look better.

  4. Valentanchur says:

    Farley, you must look at different technicals from me. I look principally at weekly and daily ema amd weekly and daily MACD. In any case, I’ve got limit order and stop orders (37.98) in place, and if neither is met will be selling before 29 Jan earnings date (caution advsises).

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