According to a Form 4 filing today, BSX sold their 3.570 million shares of CYBX at $13.6 yesterday. Does anyone know how much they made on the trade?Looks like they have $48.5 million available that they didn't have yesterday.
they probably lost five or ten million on the sale....but better than going through with a purchase and suffering a lot worse.....again....
BSC didn't make much if anything on the CYBX sale...it was mostly a symbolic move to show focus and committment to debt reduction.I like BSX and think its attractive at these levels....but sometimes it seems like they can't find their azzes with 2 hands. They sold their substantial CYBX shares just 5% away from the 52 week low.
BSX sold a worthless stock that had a potential product that would have made everyone alot of money. The put down cash and spun the wheel. It came up red and they put $$$ on black. the fact they got something back is a positive.
how much they made? depend on at what price they got those shares. hope they didn't get them at $40 and sell ate $13.6. That is a loss right?
BSX management amazingly stupid