Bill Frels Comments on Medtronic Inc

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Jun 25, 2014

Healthcare company Medtronic, Inc. (MDT) also finished the quarter as a top five contributor to the Fund, gaining 7.23%. While emerging market revenue proved scarce for most industries during the quarter, Medtronic increased its share of revenue from the developing world by 15%, which represented 12% of the company’s revenue.

From Bill Frels' Mairs & Power Balance Fund First Quarter 2014 Commentary.