ResMed Rumour Fails To Ignite Compumedics Share Price

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Independent online media outlet Crikey.com.au has a habit of presenting its readers with some good old fashioned market rumours on a regular basis.

As we know from our own experiences, not all of them are always anywhere near the truth (no doubt that’s why Crikey calls it Unsubstantiated Tips & Rumours) but to be honest – many of them have proven very close to the truth in the past.

Today Crikey mentions the rumour that Resmed (RMD) is "looking" at Compumedics (CMP). More info about Compumedics can be found at www.compumedics.com.au.

Looking at the share price graph of Compumedics over the past six months it would seem there’s only one way and that is south for the shares. The ResMed rumour has not changed this thus far.

Compumedics shares were trading at 7.6c a few minutes before 2pm on Tuesday, a little bit lower than before the Easter break.

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