Covidien Limited (COV) has surprised on estimates 3 out of the last 4 quarters. The company also recently raised its dividend. Covidien is trading at 13.6x forward earnings.

Company Description

Covidien manufactures medical devices, medical supplies and imaging solutions. It has pioneered the use of contrast media, electrosurgery, surgical stapling and laparoscopic instrumentation.

It has 16 manufacturing facilities in 16 countries and sales representatives in 50 countries worldwide. 45% of its sales are outside the United States.

Covidien Raised Its Dividend

On Sep 25, Covidien joined the rare club of companies that actually raised its distribution payment in the last 12 months. The company announced a 12.5% increase to 18 cents from 16 cents per share payable on Nov 6 to shareholders of record as of Oct 6.

The current yield is 1.65%.

Earnings Surprise Streak Broken

When I last reviewed Covidien as a value stock in April, it

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DrStockPick.com Stock Report!

Thursday September 3, 2009

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Solomon Technologies, Inc. (Pink Sheets: SOLM) announced today that its Technipower subsidiary shipped several orders for power systems to a premier nuclear power plant supplier. The systems are rigorously tested, inspected and certified by the customer for use in a nuclear power generating facility’s reactor control and safety systems.

Elephant Talk Communications, Inc. (OTC Bulletin Board: ETAK), an international telecom and multimedia content distributor specializing in carrier grade mobile enabling platforms, today announced that the Company will participate in the Rodman & Renshaw Annual Global Investment Conference to be held at the New

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Adobe Systems Incorporated (Nasdaq:ADBE) August 24, 2009 announced the U.S. Marine Corps has selected Adobe(R) Acrobat(R) Connect(TM) Pro as its standard Web conferencing solution. As a tactical battlefield collaboration tool for deployed troops, Acrobat Connect Pro can enable Marines to communicate more effortlessly and securely across locations worldwide.

DemandTec, Inc. (Nasdaq: DMAN), a leading provider of on-demand optimization solutions for retailers and consumer products manufacturers, August 24, 2009 announced that the latest release of its software-as-a-service suite has been deployed and is in use by DemandTec customers. The most recent software update delivers new customer insights, enhanced collaboration and operational efficiency as well as broader planning capabilities to DemandTec’s global customer base.

Covidien (NYSE: COV), a leading global supplier of healthcare products, August 24, 2009 announced the global launch of its Leak Compensation software option for the Puritan Bennett 840(TM) ventilator. This new feature will provide a ventilation solution in high-leak environments,

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PennyOmega.com Hot Stock News & Alerts!

 

Monday August 24, 2009

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The holiday season is a time to celebrate with family and friends, not to worry about how to pay for holiday gifts. With that in mind, Sears (NASDAQ: SHLD) and Kmart are helping customers plan ahead and save — so they can more fully enjoy the holidays — by bringing them the Sears and Kmart Christmas Club card.

The board of directors of Westlake Chemical Corporation (NYSE: WLK) declared on Friday a dividend of 5.75 cents per share, payable on September 17, 2009, to stockholders of record on September 2, 2009. This represents an increase of 1/2 cent per share,

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las Vegas CRWENewswire.com is pleased to announce a stock highlight on Continucare Corporation, Elavon, Iowa Health System Sign up to receive FREE Stock-PR alerts from CRWENewswire.com at http://www.crwenewswire.com/?tag=stock-pr

Continucare Corporation (NYSE Amex:CNU) announced today August 13, 2009that it has expanded its service offerings through the acquisition of Professional Sleep Diagnostics, Inc., a full service operator of sleep diagnostic centers. The most common sleep disorder, obstructive sleep apnea or OSA, is a serious health condition that afflicts more than 18 million adults in the United States.

Elavon, a wholly owned subsidiary of US Bancorp (NYSE: USB) and a leading global card acquirer, announced today August 13, 2009 they signed a three-year agreement with FNC Inc., a technology company offering tailored solutions for the real-estate and mortgage industry to streamline industry processes, regulations and compliance.

Iowa Health System (IHS), the largest integrated healthcare provider in the state, announced today August 13, 2009 the adopted

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DrStockPick.com Stock Report!

Wednesday July 29, 2009

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AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that Michael S. Burke, AECOM executive vice president and chief financial officer, will participate in the UBS Engineering & Construction One-on-One Conference in Chicago on Thursday, August 13, at 8 a.m. Central Time.

Covidien (NYSE: COV), a leading global provider of healthcare products, today announced the Company has reached a definitive agreement to acquire Power Medical Interventions, Inc. (OTCBB: PMII), a provider of computer-assisted, power-actuated surgical cutting and stapling products.

GWS Technologies, Inc. (OTCBB: GWSC), an alternative

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On July 1, 2009, CombinatoRx (CRXX) agreed to merge with Neuromed Pharmaceuticals, Inc., a privately-held biopharmaceutical company based in Canada.As per the terms of the all-stock deal, CombinatoRx will issue approximately 36 million new shares to Neuromed shareholders.  Initially, each party will own about 50% of the merged entity. The ownership stake will then be adjusted on the basis of the approvability status of Exalgo, a product currently under U.S. FDA review.Exalgo is a once-daily extended release formulation of hydromorphone, which has been developed for the treatment of chronic to severe pain. Neuromed recently sold U.S. rights to Exalgo to Mallinckrodt, a subsidiary of Covidien (COV).   The U.S. opioid market represents a significant commercial opportunity. Although several opioid products (including generics) are available, the market is large and growing. Currently, no long-acting form of hydromorphone is available ...