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Boston Scientific Corporation Message Board

  • richeydouglas Jul 23, 2010 3:47 PM Flag

    I am disapointed.

    I believe they intentionally did not let investors know about the defibrillator problems until after they posted better than expected earnings. I believe they knew about the problems way before now and withheld that information going into earnings. This is where hopefully we start seeing if the watch dogs are doing there job or not. We need to request the date the advisory was sent out and if it was ahead of earnings why was that information withheld. I am certain the insiders were selling like crazy before earnings and was this the main reason. like to know watchdogs since my money is invested.

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    • richeydouglas Jul 24, 2010 6:30 PM Flag

      well explained when I come to New York you can explain it further over dinner. your treat. lol no seriously thank you for taking the time to explain your opinion on the matter.

    • richeydouglas Jul 23, 2010 3:59 PM Flag

      a non event as some brokers would have it depends really on when BSX sent the advisory out. If they knew about the defibrillator problems before earnings then they had the responsibility to inform investors of the problem prior to earnings. I do Know that insiders were selling like crazy prior to earnings. why would you do that if you knew you were going to report better than expected earnings?.

      Answer: you would not sell unless you knew about the defibrillator problem ahead of investor.

      what do you reckon this type of activity is?. INSIDER TRADING.

      • 1 Reply to richeydouglas
      • Richey, I mean this with all due respect. The news regarding the defib's was minor. The press releases confirmed that. The minor sell off after the earnings release had nothing to do with the defib news. Even after announcing such a good quarter, stocks just sometimes sell off after earnings. The insider sales are all pursuant to an automatic selling agreement and had not been excellerated in any way. I own a ton of BSX at these low levels and I will buy more if it goes down. We will need another quarter to confirm the turnaround. The street normally likes to see 2 quarters to confirm a turnaround. We have one quarter in the bag along with some upgrades and the re-finance. I think things are moving in the right direction.

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