estimates inline with the lower end of analyst estimates.Business is solid. new products introduced and big R & D budget to drive future growth.
Since St. Jude reported excellent numbers this morning there was little to be negative about. Of course the market, after opening higher, took STJ on an unexpected trip to the toilet.If that was due to misplaced concerns of the growth rate going forward these concerns are invalid. To be sure this has absolutely nothing to do with margins since margins are improving as well. St.Jude is spending their additional revenue growth on investments in R&D; thus for good reason they are investing in themselves.Over all today since the unexpected drop STJ is still bullish. STJ has an investor conference next week where they will be talking in more detail about the growth drivers they expect in 2011. They are specifically remaining fairly conservative in their guidance, and so they are setting up easy hurdles going forward. This should all work in a bullish way back into the stock price.