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Boston Scientific Corporation Message Board

  • investorindividual investorindividual Feb 3, 2013 1:22 AM Flag

    BSX - Future looks bright - BUY BUY BUY

    Boston Scientific (BSX) is a nice turnaround story. While the stock may be ahead of itself, many see this one playing out well. Their new CEO, who came from Johnson & Johnson (JNJ) but had to wait due to a non-compete, is much better suited than his predecessor, who excited investors at the time but never had any traction during his short tenure. While Goldman reiterated a "sell" with a 5.20 target going into their report last week, the company surprised on the top-line, gave pretty reasonable guidance, announced some more restructuring and authorized $1 billion in shares repurchases. The company also made a very interesting acquisition recently of Cameron Health, which offers a unique subcutaneous ICD. While at 7.64 the stock may seem like it is up a lot after the 50% rise off the lows, keep in mind that it traded above 45 in 2004 before it was hit by a series of problems.

    Sentiment: Strong Buy

22.83-0.14(-0.61%)11:03 AMEDT