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Opinions Stan Wong
Koninklijke Philips ElectronicsPHGTOP PICKMay 26, 2017
Stan WongOwned
$35.13
Stock price when the opinion was issued
$26.78
As of Jun 18, 2026. Market Open.
misc consumer products
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BUY
Hospital equipment supplier.
Recall on certain products has caused lawsuits.
Sees value with recent selloff of shares.
Good time to buy shares.
Lorne SteinbergOwned
misc consumer products
HOLD
No, it's not a European version of GE. Rather, PHG has done well, but their sleep apnea machine has gone into recall and attracted lawsuits. This is weighing on the stock, though long-term this is a good investment. Still happy to own it. But who knows how this or any lawsuit will end, and the overhang will continue over this stock.
Lorne SteinbergOwned
misc consumer products
BUY
Medical technology. Fantastic job repositioning away from consumer products. Likes the company. Under pressure due to CPAP recall. An opportunity.
Lorne SteinbergOwned
misc consumer products
COMMENT
Remember that the CAD is very strong, so European names may look down in your account because of the currency. Well run. If the turnaround is executed correctly, there could be significant upside from these levels. European stocks are trading down because of Ukraine. If you're underwater, you may just want to sell and move on.
misc consumer products
TOP PICK
They have grown into diagnostics equipment and connect care products. The stock is down due to a recall of their CPAP (sleep apnea) machines. He thinks this will create a good buying opportunity here that could double in the next 3-5 years. Yield 2.97% (Analysts’ price target is $55.13)
Lorne SteinbergOwned
misc consumer products
COMMENT
PAST TOP PICK
(A Top Pick Dec 05/18, Up 31%) They used to make personal care products, but now make healthcare tech products and gaining market share. Managers have executed very well, transforming the company to higher-margin products.
Lorne SteinbergOwned
misc consumer products
TOP PICK
Used to be in lighting. Now a premier provider of healthcare technology. Incredibly innovative, growing earnings at 15% rate. One of few great European tech companies. After restructuring, firing on all cylinders, and it's cheap. Yield is 2.5%. (Analysts’ price target is $46.63)
Lorne SteinbergOwned
misc consumer products
This is a Netherlands name. Global health technology. Broadly speaking, he likes Europe. When you look at names in the euro zone, you want to look at those that are exporters. Because the euro has been low, these exporters can do very well from a currency standpoint. This continues to do well due to its continued cost cutting, restructuring and operational leverage measures. They are divesting their LED light bulbs. Consolidating their healthcare, personal care and consumer lifestyle divisions. Only trading at 10X enterprise value over EBITDA. Dividend yield of 2.4%. (Analysts’ price target is $35.77.)