What does it take for EW to get back to all time high?
Whether we agree or not, analysts are kings and queens. Earning is great and an upgrade will bring it above $95. EW has great potential with baby boomers need a lot of heart care. Funds would love to have EW as a core position.
So analysts? We hope you are our friends. Good luck to all.
The stock, even after this plunge, is still trading at over 7 X net tangible assets. ObamaCare taxes don't help. Boomers ? Try Medicare cuts and healthier lifestyles. EW will remain ....code blue....for a long time. You might earn your way into a sane PE ratio and book value after another 3 or 4 years. Try robotics with medical kickers like ADEP and IRBT.
This is just a high beta stock which is "reassessing" valuation. It will spring back up a bit until good fundamental news sends it solidly up again. Until then the volatility should allow some trading opportunities on both side.
As the proud owner of a Magna valve, EW has my respect- their products function extraordinarily well and with the hybridization in their valves you get two advantages: reduced stenosis (longer valve life) and no Coumadin with the pig leaflets. It is also nice to now be able to #$%$ while standing. Metal valves are noisy and no one has done a long term study on the effects of Coumadin but I can tell you first hand it is one nasty drug.
Bottom line is Edwards will develop its niche or Medtronic will buy them out.