Four Medical Suppliers With Special Pluses

Article Excerpt

Demand for medical equipment tends to grow or hold steady, regardless of swings in the overall economy. Recurring revenues from long-time customers gives these four makers of medical equipment and supplies an advantage over other health stocks. They also face little competition from generic products. As well, their expanding international operations balance their exposure to a slowing U.S. economy. BECKMAN COULTER INC. $70 (New York symbol BEC; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 62.9 million; Market cap: $4.4 billion; WSSF Rating: Average) makes lab equipment that doctors and medical researchers use to detect substances in bodily fluids. Beckman is a long-time favorite of ours, mainly because its automated systems help its customers cut the cost of routine tests. The company also continues to profit from a change in the way it leases its equipment. The switch helped make its products more affordable. As well, a broader customer base has spurred more demand for replenishible supplies and maintenance services. Beckman…