Started A Position in Medtronic (MDT)

Introduction Medtronic had been a company on my watchlist for a while now.  My concern was around valuation, they traded at 19-20x full years earnings a few months ago.  After the earnings release on 11/22 the stock promptly dropped close to 10% the next day and I started a position at $73 a share.  At that price, it puts the valuation at 15-16x earnings which is much more up my…

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