The trend is down here it will keep going down, as they lose more and more money in lawsuits and litigation and the costs of recalls, not to mention failed investments, Its a shame to lose so much money.
How much will these lawsuits cost? Problems With Boston Scientific Heart Stent Persisted After Even After Recall, Report Says
NATICK, Mass. (AP) -- Doctors continued reporting surgical problems with a heart stent made by Boston Scientific Corp. even after the company recalled nearly 100,000 of the devices and fixed a manufacturing flaw, according to a published report.
Tiny balloons used to insert the stents into coronary arteries failed to deflate or were so difficult to remove that three people died and dozens more were injured during surgeries after last year's recall, The Wall Street Journal reported Wednesday, citing U.S. Food and
I have a feeling they are going to get fined and with all the lawsuits and growing debt this may implode soon, all these recalls can't be cheap, and its amazing how much money the insiders are wasteing, this is looking very troublesome.
No the insiders are selling because they know the recalls, lawsuits, failed investments, court costs, and litigation, and settlements is leaveing them with no pipeline and no hope for the future, and if more bad news comes out as I expect no hope for the present.
Who cares what they make and what they sell, look at the chart and see that any time RSI hits 30 the stock gets a bounce. Good luck to you all. Also, every major financial publication (i.e Morningstar, Money, Fortune, Kipplinger) is recomending this stock so if you are long don't panic and ignore the shorts on this board.