Karen Firestone, CEO, Aureus Asset ManagementInModeINMDBUYJun 14, 2023

The revenue guidance cut is not great, of course. But it does seem to be related to consumer demand and higher interest rates, as opposed to something the company 'did' or a missed opportunity. In the lawsuit INMD is the plantiff, and we would not see it as too concerning. But INMD also has the problem of being based in Israel, and investors will likely avoid it for a while. Plus, we could see some tax-loss selling. It is 8X earnings and has $574M cash, so it is going to get through this slump. We think it will bounce, but can't time it. To hold we think investors will need to have at least a year of patience. We could see it as a tax loss sale/rebuy next year, but would not be too interested in selling in the short term after this sharp decline. 
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Medical devices business keeps recovering and the stocks are getting their due. Reported a 43% increase in consumables and service revenue for Q1-2023 in a strong quarter. Puzzled that shares slumped after the company didn't revise its full-year forecast. Still, shares are up 47% in the past year. A buy at 13x PE.

A medical device company. Clean balance sheet and a cheap stock. Last week they pre-announced a stronger than expected quarter. Shares jumped 5% that day. Could have more upside.

Seemingly checks a lot of boxes. But about 70-80% of earnings are from one-time sales. Not a lot of repeat business. Only 20-30% of revenues are recurring or add-ons. Potentially disruptive space. The pursuit of M&A can often destroy shareholder value.