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 irregularities.
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 fifties.