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Masimo Corporation (MASI) $19.30
The Company:
Started in one of the co-founder’s garage, Masimo Corporation is a medical technology company that was founded in 1989 by current Chairman and CEO Joe Kiani. The company develops, manufactures, and markets noninvasive patient monitoring products worldwide. Besides having a founder at the helm more than two decades after the company was started and a technology moat through nearly 600 patents, the company has a history of solid revenue growth, sports operating margins of 22% and return on equity of 23%. This small cap company with an enterprise value of just under $1 billion and $439 million in annual revenue has 2,500 employees and saw product revenue increase 4-fold in the last five years.