I think you are wrong.
Company is overpriced and selling at a P/E of over 40 times earnings.
Why would any company pay the current price which is a P/E of over 40X.
The best names in the country in the medical sector, energy sector (Chevron, Exxon, PB, Apache, Devon, Conoco Phillips, Total), tech sector (Google, Apple, Intel, Oracle, Microsoft, etc.) sell for a P/E that is 20x or less for the shares. Why pay double the price of those named companies to buy Edwards.
No company would do that and no investor should pay up even after the big share price decline this month.
please use your brain ....where are you coming from my friend? are you new to Wall Street?
You cant compare with the big, established companies like goog, aapl, cvx, cop etc. They are too big how much more can they grow so their PE in the 10-20 range are normal. But EW is small, fast growing company so PE at 40s is not much at all....it's considered low compare to the norm.