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Transaction Details

Company: CONMED
Ticker:CNMD
Yahoo Beta:0.77
Industry:Medical devices

Company Description:  CONMED makes devices for orthopedic and general surgery. Many of the company's products are single use.

Purchase Date:20 Feb 2019 Sale Date:11 Sep 2019
Purchase Price:$79.50 Sale Price:$99.86
  --Split Adjusted:$79.50  --Split Adjusted:$99.86
Shares Purchased:80 Shares Sold:80
  --Split Adjusted:80  --Split Adjusted:80
Transaction Fee:$6.95 Transaction Fee:$7.13
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$80.11 High$0.00
Date26 Sep 2018 Date01 Jan 1996
Low$57.41 Low$0.00
Date24 Dec 2019 Date01 Jan 1996
S&P (Purchase Date):$2,816.10 S&P (Sale Date):$2,992.20

Purchase
Timing:  We bought at the top of the six month range.
Reason:  CONMED has an attractive business model. A high fraction of the products are single-use. The company enlists physicians who help develop new products in exchange for a stake in the products. The company is growing rapidly, including expansion in South America.

Sale
Timing:  x
Reason:  CONMED is expensive relative to other firms in its industry. The industry is saturated and we are concerned that growth opportunities are limited.

S&P Gain: 6.25 % Annualized Gain: 11.52%
Stock Gain: 25.61 % Annualized Gain: 50.68%

Dividends:$16.00
Net Holding Return ($): $1,630.72
Net Holding Return (%): 25.61 %