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No. of Recommendations: 1
I agree with your assessment of Resmed. I bought some in June 2000. Before I did, I checked out their website and printed off their annual reports. I then produced a spreadsheet that analysed the business according to RuleMaker criteria and I gave it my own score of 83%. I also check out a stock's 1000 day average price chart and with Resmed you will see a steady uninterrupted climb. I say go for it !!!

My spreadsheet figures, if they turn out, are shown below.

ResMed	              96	97	98	99	2000
Cash	              5,510	9,077	15,526	11,108	18,250
Current Assets		na      44,391	46,604	50,771	69,172
Borrowings Current	na	274	227	0	0
Current Liabilities	na	9,996	13,845	18,242	21,622
Borrowings Non-current	578	274	0	0	0
Trading Revenue	     34,562	49,180	66,519	88,627	115,615
Reported EBIT	     17,572	28,893	43,450	59,211	78,624
Adjusted NPAT 	      4,503	 7,465	10,611	16,102	22,226
before Abnormals

Sales Growth >10%	-	1.42	1.35	1.33	1.30
Gross margins > 50%	51%	59%	65%	67%	68%
Net Profit Margin > 7%	13%	15%	16%	18%	19%
Cash > 1.5x total debt	9.53	16.56	68.40	large	large
Flow ratio < 1.25	-	3.63	2.28	2.17	2.36

Score out of 23 in percent	83%				
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