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Financial News USA
Feb 7


ResMed(RMD), a maker of medical equipment
News - Financial News

ResMed(RMD), a maker of medical equipment for diagnosing and treating sleep and breathing disorders, is a recurring name on the 52-week high list. The company's shares have soared 77% in the past year, outpacing U.S. indices.

Corporate projections are often overstated, but there's reason to believe the epidemic is real and grossly undiagnosed. An alternative study projects that 6.5% of Americans exhibit some symptoms, but 85% to 90% are unaware of the disorder. Symptoms include drowsiness, headaches and impaired concentration. The internal effects are significantly worse, including hypertension, arrhythmia, metabolic disorders and stroke. New products ApneaLink Plus and the Swift FX and Mirage SoftGel masks receive favorable reviews.

The company's fiscal second-quarter profit increased 36% to $46 million, or 60 cents a share, as revenue grew 23% to $275 million. The balance sheet retained its liquid tilt, with $455 million of cash and $145 million of debt. [Read the full article]

 

As of today, you have exactly one month to file your tax return. And April 15 is also the deadline for contributing to an IRA for the 2009 tax year.

The former deadline no doubt feels more pressing than the latter, particularly because funding an IRA won't necessarily help lower your tax bill for 2009. Only individuals with income below certain thresholds--$66,000 for individuals who can contribute to a company retirement plan and $109,000 for married couples filing jointly--can deduct at least a portion of their traditional IRA contributions.

But even though making an IRA contribution may not reduce your tax levy this year, funding an IRA now can deliver important tax-saving benefits down the line. Individuals who contribute to Roth IRAs will be able to enjoy tax-free withdrawals from those accounts in retirement--an important benefit if you think income tax rates are likely to be higher in retirement than they are now. [Read the full article]

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