I would not be surprised if a company with more
than $3billion in cash and marketable securiites
decided to acquire Boston Scientific. The opportunity
will never get better.
I think I will hold on
to my BSX shares for a few more months and see what
A lot better time to buy BSX than last summer
when the stock was between 70 and 80. How often will
the stock get hammered by three pieces of bad news,
all within a month or so?
Take a look at the
latest earnings report. Pretty strong. I think a buy
decision depends on your time horizon. If you are in it
for a pretty long time, a couple of years or more,
this blip will look like old history by
And it depends on your tolerance for fluctuations in
the stock. You may like a steady stock like BMET (
one of my favorites) or be able to tolerate the
swings in a BSX or INTC or MRK ( all stocks I like
One thing I would not do is short BSX at this level.
At 70 or 80 it might be a short, but not at this
Now is a great time to buy. Most analysts still
have target prices between $65 and
Earnings will be better than expected. The Japanese and
the FDA issues will be resolved within the next 90
And Boston Scientific still has the confidence of
doctors that use their class of products.
The company will report earnings today after the
bell. The important info the the purchase price
allocation on the Schneider deal less than 160 million would
be good news. Also any more news on the accounting
adjustments. I am going to listen to the Conf. call I will
post an update tomorrow.............