% | $
Quotes you view appear here for quick access.

Boston Scientific Corporation Message Board

  • Pennypacker2 Pennypacker2 Nov 13, 1998 10:59 AM Flag

    I told you so

    Boston Scientific is going back to $80 within the next 6 months.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Bulls and analysts will get this going again
      based upon management exuberance. But as sure as the
      sun will shine this mgt will disappoint again in 1999
      with more writeoffs and possibly additional accounting

      • 1 Reply to MitchWins
      • intuition. You state that the bulls and analysts
        are moving this stock upward. I say its based on
        fundamentals. Look at the lastest earnings report, there is
        nothing wrong with write-offs. Rather, when you make
        significant acquisitions write-offs are a prudent measure
        inregards to growing a businesses' future prospects. BSX's
        revenues are growing at a substantial rate and the latest
        earnings report reflects this. Further, their revenue
        growth has still not received the full brunt of the
        Schmeider Med. acquistion. You shall see the virtues of
        that acquistion in the next report. As to the
        irregularities, it is now becoming more and more clear that they
        are isolated to Japan. Accordingly, I recommend you
        short the stock--go with your intuition-- and prey that
        some world crisis occurs that hits the entire market,
        otherwise this stock in going back to atleast the low

18.28-0.05(-0.27%)Nov 30 4:01 PMEST