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ABIOMED, Inc. Message Board

  • parsimonious_one parsimonious_one Aug 1, 2013 3:57 PM Flag

    Sold Half

    Doubled my money; decided to sell half. Long term I think it goes up.

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    • The key long term non-operational issues are (1) the PMA approval which has a horizon of the end of 2014 (2) the class action which probably has a similar horizon (no telling but the docket in the District of Mass. is pretty slow) and (3) the U.S. Attorney investigation, which has no discernible timetable, but which will probably resolve by the end of 2014. In the meantime, expenses will be very high as a result of these matters and profits will be artificially depressed - pure profitability at this point is really beside the point though. For long term holders, a focus on these three matters and operational issues relating to the ramp-up is proper (revenue growth, product diversity, geographic expansion, etc.). If the 3 non-operational matters resolve favorably, ABMD will get merged into a larger medical device enterprise. But until then, it's a bit of a holding pattern. An interesting holding pattern though. Never a dull moment with Minogue.

    • In the Black almost dols all yesterday .
      I really liked the recovery . I'm giving it another Quarter and may buy a little more today!
      It just didn't dump again at the END OF DAY!!

118.02+1.08(+0.92%)1:53 PMEDT