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Biomet Spinal Business Expansion Backs 15% Stock Gain In February

This article was originally published in The Gray Sheet

Executive Summary

Biomet's rapidly expanding spinal business and accelerating reconstructive device revenues, coupled with a history of predictable earnings growth, helped the firm's stock advance 15.2% during a generally chilly February for device issues. The stock closed the month at $38.81, a gain of $5.12.

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