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Boston Scientific Corporation Message Board

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  • cordialng cordialng Mar 24, 2005 10:04 PM Flag

    omarsdianne

    Rock -
    Some good points, but all factored in...this stock is oversold.
    The Palmaz patent expires in November of this year (did you know that?) - even looking at the worse case, which the weak kneed investors are doing right now, the damages will be moderate.

    • I'm glad you are so bullish. So were all the idiots who bought this stock at $45. I can guarantee that BSX has not "set aside" the kind of $ it will take to pay the NIR damages, the legal bills, the triple damages for a willful infringement loss in June on Taxus sales. This alone could be = to 3-4 years of gross earnings. Just because you and the other longs deny the impact, and brush this off does not take away the hurt of the massive $s at stake. The market also has certainly not figured in the Taxus and Medinol losses. How could they. BSX keeps blowing smoke and BS about how they will "never pay a dime (as per Mr. "Honest Abe" Tobin)." That losing hand is about to be called!

 
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