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Savaria Corporation (SIS $24.77)
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Intuitive Surgical CDR (CAD Hedged) (ISRG)
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AbbVie CDR (CAD Hedged) (ABBV)
Q: I have held Savaria for several years now, and it has performed steadily, but has lagged in growth compared to many of my other holdings. I am wondering if it might be more prudent to consider adding to my positions in either ISRG or ABBV, or perhaps consider another company with stronger growth prospects.
My overall exposure to health care (I deem SIS to be a health care-related company) is roughly 7%, and SIS makes up about 1% (was larger initially, but grew less than portfolio over time). If a lower exposure to health care is still tolerable within a portfolio attempting to maintain diversification, are there another positions outside of the health care space that might be prudent for me to consider? Thanks so much, and I look forward to your response.
My overall exposure to health care (I deem SIS to be a health care-related company) is roughly 7%, and SIS makes up about 1% (was larger initially, but grew less than portfolio over time). If a lower exposure to health care is still tolerable within a portfolio attempting to maintain diversification, are there another positions outside of the health care space that might be prudent for me to consider? Thanks so much, and I look forward to your response.
5i Research Answer:
We like SIS, and have some recent comments posted. It may be a bit more 'boring' but that is not always a bad thing. ISRG likely has more growth potential, and of course is much larger/safer. We are comfortable with ABBV but would view it generally as lower growth. We would not consider SIS a 'SELL', but if adding we would side with ISRG today.