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Nxstage Medical, Inc. Message Board

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  • davebugs davebugs Jan 25, 2013 8:02 AM Flag

    NxStage Patient

    Glad you posted.

    Occasionally we hear from a user, perhaps one of those was you under a different ID, gotta love Yahoo!

    What IS frustrating about this company is they have had the PRODUCT for many years - I'd argue first mover for a decent home solution.

    But I don't recall if different management came in after R&D and FDA approval or if the old folks lack the skill set to grow this company.

    They worry about themselves and not patients or investors IMO. From buying companies to keeping cash low to golden parachutes rather than truely expanding the at home business.

    They have done moves like giving controlling share away effectively to "buy" a company when the renal centers were screaming for trainers and NXTM cut back on trainers. Basically literally virtually gave away rights to their machine in other parts of the world. What funds were raised didn't help th ebusiness, but if I recall their salaries and bonuses did go up!

    May be the biggest missed opportunity in the 30 years I've been investing. Seriousely.

    I don't follow so closely anymore because all that does is remind me of how mgmt has dropped the ball for patients and stock holders while rewarding themselves handsomely. And always making the company in the worst financial position and padding they golden parachutes so a takeover is less likely.

    Must be no real independent folks on the board. When I get time I guess I'll look into that.

 
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