Contra guys: This medical company’s business lines could soon be firing again on all cylinders

News Snapshot:

Conventional wisdom has it that investors should look for companies with consistent profitability and growing revenue. No doubt, that is a potent combination, but the difficulty is that such enterprises are seldom cheap, so they require a “buy high, sell higher” approach. Oscar Wilde famously quipped that “consistency is the last refuge of the unimaginative.” At the Contra the Heard Investment Newsletter, we search for lesser-known companies who are off their form. It is the swing of corporate fortunes which fuels our “buy low, sell high” philosophy and has enabled us to beat the market by a healthy margin over...