What Wall Street saw at the 2013 Chicago Midwinter Meeting

February 22, 2013

The Wall Street analysts at Baird Equity Research have been holding meetings at the Chicago Midwinter Meeting with investors and have come away from what was probably a giant oak table with smiles on their faces (or at least straight faces). Their report, Medical Technology: Better Than Feared in Chicago, asserts that trends are stable and the 12-month risk/reward for HSIC/XRAY is looking good.

Major industry-wide takeaways included:
- Dental consumables are stable, even into February, despite payroll tax hikes, tax refund delays, and other potential setbacks
- Medtech tax-related price increases are sticking and may be averaging a bit more than the 2.3% tax on medical devices
- 1Q dental equipment demand is still solid, and the consensus is that dental equipment and market demand is growing

Wall Street's outlook for the dental industry in 2013
What Wall Street saw at the 2012 Greater New York Dental Meeting

And to compare 2013 to 2012: What Wall Street saw at the 2012 Chicago Midwinter Meeting