Stryker Corp. (SYK). The Kalamazoo, Mich-based medical device maker said late Wednesday fourth-quarter net income rose to $276.1 million, or 66 cents a share, from $227.9 million, or 55 cents a share, a year earlier, due in part to increased sales. The medical technology company's sales rose to $1.66 billion from $1.4 billion a year earlier.
The company expects 2008 earnings from continuing operations of about $2.88. The company added it remains optimistic about growth in the orthopedic market and expects to meet analysts' profit forecasts this year.
Stryker has been a consistent performer since it broke out of a two year base late in 2006. The stock trades currently at $67.....down from a high of $76.89. The company make orthopedic implants and artificial knee and shoulder joints... As Baby Boomers age, and their joints start to fail from years of workouts...Stryker should benefit.
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