As it turns out, I was half-right - the shares have
risen almost 20% since then, with the market taking notice (I believe)
of the opportunities in the recovering energy sector, the expanded
opportunities in detection, and the prospect for significant portfolio
adjustments.
That latter point is highlighted by the
acknowledgement from Smiths that it is exploring the possibility of
some sort of business combination with ICU Medical (ICUI)
for its medical business. While it's very early in the process, I
believe Smiths' interest in making a transaction of this sort with its
medical business shows that it is serious about active portfolio
management and focusing on those areas where it can generate real
long-term value.
Continue here for the full article:
Smiths Group Shows Its Serious About Potential Portfolio Changes
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