No matter what the stock price, earnings report is excellent AND
Next quarter should also be excellent because:
1. Huge cash improvement (prior to quarter had strong cash position, now much stronger).
2. Receivables up indicating probability should flow into even more earnings and cash.
3. Accounts payable down indicating probability next quarter should be strong on earnings since amounts due from company dropped.
Now the question is this? Why did people sell after hours (mainly 100 share trades)?
agree with that .. MDT, SNN, SYK all likely candidates. THis would be an easy acquisition for any of them, The cash flow and the no debt scenario and high gross margins have considerable value. An $18 share price wont last