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Sunshine Heart Inc. Message Board

  • networthdev networthdev Dec 4, 2013 8:14 AM Flag

    Article, SSH on Watch ($16 PT) Following Heartware's $320M Circulite Deal

    If interested in complete article, Googl title, "Sunshine Heart (SSH) on Watch Following Heartware's (HTWR) $320M Deal for Circulite"

    "Summer Street analyst Mark Landy reiterated a Buy rating and $16 price target on Sunshine Heart (NASDAQ: SSH) Monday after Heartware (NASDAQ: HTWR) announced that it is buying Circulite for $320 million. $30 million upfront in cash and stock with the remaining $290 million in milestone payments for up to 8 to 10 years. "

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    • $16 per share seems light. That only gives us a valuation of $256 million. Our solution is SUPERIOR to Circulite's. They should have given #$%$ least a $20 PT, to equal the $320 mill that HTWR committed/PAID, and personally, I believe SSH deserves a premium over what HTWR paid for Circulite. :-)

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