Seeking Alpha: For St. Jude Bulls, It's A Question Of Faith

In the realm of healthcare stocks too cheap to ignore, there are a lot of different stories to suit individual investor tastes.

Covidien (COV) is the under-appreciated and overlooked story, Stryker (SYK) is the quality story, and Medtronic (MDT) is the "yeah, growth has slowed, but not that much" story. What about St. Jude Medical (STJ), then? St. Jude is the rebound and pipeline story, a story that arguably deliver better growth than the Street presently expects.

A So-So End To The Year, As Expected
St. Jude's growth in fourth quarter came in on the lower range with the likes of Johnson & Johnson (JNJ) as opposed to stronger stories like Covidien and Stryker. Reported sales rose 4%, but organic growth was more on the order of 1% for the December quarter.


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For St. Jude Bulls, It's A Question Of Faith