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Tuesday, 29 Jan 2019
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We hold RMD in our MT Growth Portfolio. The stock has been in the news of late after an earnings miss, and a number of members have expressed an interest in us covering it.

Here goes.  

Since reporting quarterly numbers on January 25 the stock has fallen approximately 20%, despite the numbers not appearing to be that bad. Revenue in the three months ended December 31 lifted 8%, to $US651.1 million. Analysts were expecting $US673.3 million – a miss of just 3.4%.

The problem however, was the expectation built into the share price. The stock had risen 45% in the last year, putting it in the top 5% of ASX 200 companies over the period. The CEO had been on record saying that the company's warnings that strong growth recorded in the previous corresponding

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