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Medtronic plc Message Board

  • frosty555 frosty555 Apr 1, 2010 10:26 AM Flag

    Think we'll see $50 sometime soon????

    I'm a little disappointed in MDT's action lately. Any thoughts?

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    • Not soon. The earnings look like a mature industrial, so the multiple is low. It will take a big development to goose earnings for a couple of years and boost the earnings. I. personally, thought use of CRT in heart failure would be that big, but somehow it hasn't paid. Maybe closed-loop blood sugar control.

    • joetong419, You said:

      Could have bought BSX and still be under water. Luck of the draw.

      You saved a bundle and even though BSX has received good news lately, I don't think the bad news is over yet.

      The City of Roseville Employees’ Retirement system has filed suit against Boston Scientific (BSX), alleging the medical device company misled investors over its business prospects for its cardiac rhythm management business, Reuters reported. The suit, which seeks class action status for investors who bought Boston Scientific shares from April 20, 2009 through March 12, 2010, charges the company made false statements and failed to disclose material facts regarding risks to its business, causing the stock to trade at artificially inflated prices. It said the company misled investors when it claimed its cardiac rhythm device business had stabilized after the 2006 acquisition of Guidant and was set to grow with the introduction of new products.

      • 1 Reply to allelerow
      • When a stock such as BSX is in single digits for a long time, there is a reason why.

        If you bought BSX...well...can't win them all. I would not touch BSX despite the good news!

        I was only making a comparison between MDT vs STJ and BSX.

        Nobody bats 100% buy/sell stocks. The game plan is to win more than you lose.
        Stick with MDT but the gains won't be as big as when the company was in the 80s and 90s.

    • Trending is higher, should see some pullback but it is a just matter of time to see this stock in the 50's. I expect this will happen before the end of May.

76.560.00(0.00%)Nov 25 4:00 PMEST