Medtronic: Prefer U.S. Treasury Bonds


  • Medtronic entered a bear market and has fallen more than the S&P 500 since the last quarter of 2021.
  • Since I see few strong growth catalysts, I compare investing in Medtronic to investing in a 10-year US Treasury bond.
  • The management is shareholder friendly by both paying dividends and buying back shares.
  • Medtronic seems cheaply valued, but I’m waiting to buy until there are clear growth catalysts.

Medtronic office in Pointe-Claire, QC, Canada.



Medtronic (NYSE:MDT) has risen sharply over the past 10 years and the total return is comparable to that of the S&P 500. In the last quarter of 2021, the shares entered a bear market and has since fallen more

Data by YCharts

1QFY23 highlights - Medtronic 1QFY23 Investor Presentation

1QFY23 highlights (Medtronic 1QFY23 Investor Presentation)

Dividend growth history - SA Medtronic' Ticker Page

Dividend growth history (SA Medtronic Ticker Page)

Medtronic' Cash Flow Highlights - SEC and Author's Own Calculations

Medtronic’ Cash Flow Highlights (SEC and Author’s Own Calculations)

Data by YCharts

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Leave a Reply

Your email address will not be published. Required fields are marked *