Medtronics Under Explains

Medtronics (MDT) reported Q1 results and had the disturbing habit of relying on something called constant currency. They have substantial international operations and every division experienced foreign exchange losses when converted back to US$.

Medtronics has demonstrated that they do not understand operating in foreign currency or the uses of hedges. This is a critical skill set if you want to maximize shareholder wealth as a global company.

Next point. They report on a variety of product lines and just through some number up. No discussion about competing products, potential lawsuits, potential new applications. Essentially no information suitable for analysis. This sounds like a company that is not used to explaining itself. They just talk about wondrously complicated products, confuse most investors and go from there.