It will see low $5 before the earnings and then earnings will decides the direction.
Remember that BSX assets are going down and BSX has to take some charges.
All things considered.
Potential long term upside for every share bought at current stock price
Total debt (Thanks for the link JADA but I still think Medtronic is worse off on debt then BSX)
I'll stick with the Pinto
Good luck to ya
Time will tell
1- MDT earns close to $1 billion net income per quarter while BSX is playing games with numbers to show something.
2- BSX has about $5 B negative tangable assets. Yes, negative big $5 B. On ther other hand, MDT has positive $4 billion tangable assets.
3- BSX pays zero dividend while MDT pays about $1 of dividend per year. That is about 3%.
There are many other factors that puts MDT at much higher and better stock. That is why it is a BMW compare to BSX being a Pinto.
Oh and since I like numbers and how dare I compare BSX to MDT.
Look at Quarterly earnings growth (YoY)
BSX 46.50% Yeah baby go
MDT - as in Negative - 1.10%
Apparently somebody dropped a big block ford motor in that old Pinto chopped it, put serious suspension kit on it, and ssssmmmokken wheels and tires............Because it is leaving that high end BMW in the dust.
Again numbers do not lie.
I'd drive that Pinto nothing more fun then going to the track and beating up on high end cars with a Pinto
The numbers I have posted earlier speak for themselves. They are straight off of key stats tab to the left of your screen. Sorry you didn't like them.
That is why I like numbers they do not lie.
You can call MDT a BMW and BSX an old Pinto your choice I do not care but numbers do not lie. MDT is acquiring a lot of debt. BSX is paying down theirs.
You sound angry? I wonder why? You are down to 4 trading days now to get to your prediction.
You compare MDT to BSX. Don't even think about comparing a BMW with a broken down old Pinto.
MDT make money, huge money, close a $1 Billion per quarter, BSX is barely making it and its assets are going down quarter after quarter.
Look at 5 years or 10 years chart and you think why this company goes BK sooner or later.
We are at 5.58 right now half way through the trading day today.
So let me get this right You are predicting a greater then 10 percent drop from here to 5 dollars in the next 4 and a half trading days before earnings comes out.
Good luck to you sounds kind of ridiculous to me. But everybody is entitled to their opinion.
Time will tell!!!
remember BSX had to take some charges last quarter from the 5 percent reduction in force they had in April. It was a large round of lay-offs. Those savings from not paying those employee's through the 3rd quarter will also show up in this earnings report.