That $750 million to $1 billion coming from the settlement will help. Also the negative headline actually contained positive information on what was actually stated by Edwards folks:
"For 2015 and beyond the company expects growth above industry average and sees gross profit margin improvement."
Add that to the plummeting debt (including the settlement), and EW is easily a $97 stock.
The real long term trends are excellent but management has made many mistakes here. The extra cash will give them a nice cushion but in my view, JNJ should take them over and go head to head with MDT. EW does not have the management strength and resources to continue to compete with MDT. EW clearly has the best product but that never means you will win the sales war.