Could Edwards Lifesciences Be a Millionaire-Maker Stock?
Edwards Lifesciences (NYSE: EW) is a little-known medical device company that produces medical hardware including aortic valve replacements, blood sampling systems, and surgical recovery equipment. Though established medical device companies like Edwards may not be the first place that would-be investors look to find companies with a chance of massive growth in the medium-term, there are still several important tidbits that investors should know about before they write the company off.
There are a handful of promising features about Edwards Lifesciences for investors seeking a millionaire-maker stock, all of which stem from the company's highly effective core business. With trailing 12-month revenue of $4.48 billion, 13.7% quarterly revenue growth year over year, and a profit margin of 24.7%, Edwards is both a steadily growing and an efficiently operating company. Unlike many of its peers, Edwards has only $675.2 million in debt compared with $1.03 billion in cash on hand, meaning it won't have any problem continuing to expand its operations or acquiring smaller competitors while servicing its debts.
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Source Fool.com
