In mid-December, a medical supply giant went public and the prices rose which is good news for all those who wanted to own the shares.

In an article by Echo Wang, Arasu Kannagi Basil, Isla Binnie and Pritam Biswas of Reuters, the medical supplies maker and distributor has been in operation for 46 years. In 2021, the company was bought by Blackstone, Carlyle and Hellman & Friedman for $34 billion. Five years later the company has a market valuation of $46 billion plus.

Medline was founded in Northfield, Illinois by Jon and Jim Mills and key manufacturer and distributor of supplies such as surgical kits, gloves, gowns used by hospitals worldwide. The company has 33 facilities including 19 in the US.

President Jim Boyle said we make things that cost pennies, not thousands of dollars and having a robust, diverse geography that has primary, secondary and tertiary locations.

The company reported revenues of $20.6 billion and net income of $977 million for the 9 months ended in September 27. In other words a profitable, cash-generative business which is well-understood.

Linking to dividend paying stocks, in every industry there are the sexy industries and sometimes they are the best to be in, there also tends to be reasonably dependable companies that year in, year out make profits to pay dividends. The task to know which ones and ideally buy the best one to hold for a period of time. Then the markets will fluctuate, but you do not have to worry about it, just be mindful, similar to in other parts of your life – quality matters.

There are more questions than answers, till the next time – to raising questions.