Not a buyer. A couple of concerns have popped up recently that I want to get comfortable with.
First, the VP of business development recently resigned, so I want to hear what they have to say about that on the next conference call. Seems odd for a business development guy of a fast growing company to leave if things are going well. They'll spin it as positively as possible, but I still want to hear what they have to say.
Also, as someone else pointed out in a previous post, an emerging competitor, Medingo, raised $27 million from its parent company late last year. That demonstrates a very high level of confidence in Medingo. Based only on the Medingo web site, it sounds like their solution is even smaller and more discreet than PODD's, so I want to see how things develop there.
I'm going to keep following PODD and listening to conference calls, but I'm not in a hurry to buy. I'd rather buy at a higher price if I'm more confident the company is on track and I better understand the competitive environment.