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Meet the Small-Cap Stars who are Outperforming Today's Healthcare Market

By  +Follow November 19, 2013 11:44AM
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For investors, especially those with a knack for stock-picking, 2013 has been a banner year. But while the perception of less risk in equities has been one of the most significant factors in the impressive gains that have been made, relatively little attention has been devoted to how this has played out in healthcare.

Just as the tech industry is currently being turned on its head by the advent of mobile and cloud technology, and the oil & gas industry has dramatically changed as a result of the shale rush, the healthcare industry looks to be undergoing its own transformation as the focus turns to targeted treatments for ever-more specific and challenging diseases.

In all three cases, industry trends have been reflected in part through the performance of small-cap companies. For investors looking for high-returning prospects, the trick is in knowing how to sift through the data in order to find the companies with the kind of sound fundamentals that are best-suited to the direction in which their respective markets are heading.

Enter Equities.com’s Small Cap Stars series, a fundamentals-based research tool designed to help self-directed investors beat the crowds to some of the most promising small-cap equity vehicles around.

When it comes to the small-caps in healthcare, a good metric by which to judge performance is the PowerShares S&P Small-Cap Health Care ETF ($PSCH), whose returns seek to track the price and yield of the Standard & Poor’s SmallCap 600 Capped Health Care Index. PSCH is up about 50 percent on the year, to $53.15.

By contrast, here are some of the Small-Cap Stars who have outperformed the PSCH by a factor of at least two:

 

Lannett Co. Inc. (LCI)

Industry: Drug Manufacturers - Other

Market-Cap: $793.40 million

Price: $28.34

Year-to-Date Performance: + 456 percent

 

STAAR Surgical Company (STAA)

Industry: Medical Instruments & Supplies

Market-Cap: $494.20 million

Price: $13.03

Year-to-Date Performance: + 120 percent

 

NuVasive Inc. (NUVA)

Industry: Medical Appliances & Equipment

Market-Cap: $1.43 billion

Price: $32.60

Year-to-Date Performance: +107 percent

 

Rochester Medical Corp. (ROCM)

Industry: Medical Instruments & Supplies

Market-Cap: $247 million

Price: $20

Year-to-Date Performance: +98 percent

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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By  +Follow November 19, 2013 11:44AM
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