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Volcano Corporation (VOLC) Message Board

  • z_for_three z_for_three Nov 6, 2009 8:11 AM Flag

    Profit/Revenue Beat; In-line Guidance

    Overall, that's a pretty damn good quarter given the uncertain healthcare environment and weak hospital budgets. By contrast, St. Jude had a bad miss. This bolds well for when hospitals are back up to full strength.

    I would still like a stock buyback program put in place given how poorly the stock has done, especially recently. Hope some research houses re-iterate their BUY recommendations.

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    • just to be clear: I own VOLC stock
      have for some time
      but I refuse to wear the rose-colored glasses

      I've been able to judiciously sell covered calls that have always expired
      most recently the jan 17.50s for 1.25 a few weeks ago
      (looks like those are safe)
      so I've been able to reduce my cost basis to where I am comfortable holding

      but I would not advise anyone else to buy VOLC right now

    • reality is that they posted double digit revenue gains, but were again, and still, unable to turn that into positive earnings (per GAAP)

      same old same old

      they just do not seem to know how to manage the business well enuf, i.e. control costs, in order to generate a profit

      they've been public for 3 yrs now, so it is time for that

      >I would still like a stock buyback program put in place

      buy back stock with what?
      their cash on hand?
      you want them to burn thru cash to buy back stock?

      look, be serious

      they'd be better off paying a consultant to come in and show them where and how they can control costs in order to be profitable

      because they will not grow revenue +20% each quarter indefinitely, and sooner rather than later that has to be enough to generate a profit

 
VOLC
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