CONMED Corp. (CNMD)

CONMED Corp. (<a href=http://www.zacks.com/stock/quote/cnmd>CNMD</a>) is a major medical products manufacturer specializing in surgical instruments and devices. Approximately 59% of the company&#39;s revenues are derived from products designed for the orthopedic surgery markets of arthroscopy and powered surgical instruments. <p> The company operates in highly competitive markets against competitors that are much larger, more technically competent and possess substantially more assets. Additionally, many of these competitors offer a range of products not matched by CNMD, which may make CNMD&#39;s offerings less attractive to surgeons, hospitals and group purchasing organizations that are trying to reduce the number of vendors they do business with. <p> We believe sales related to elective procedures will slow over the coming year, adversely affecting CNMD&#39;s business in 2009, despite that 77% of revenues are recurring from the sale of disposables.

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