When do you think you will be right on this stock? The stock shows no signs of a bottom and hits new lows every other day. The market is speaking in volumes here. Down 50% with markets at record highs, this is a dog with fleas. SODA will go single digits by year end at this rate.
In a raging bull market this has gotten slaughtered like a bad biotech stock. Will be interesting to see if Soros and Tilson are still in the name here.
Really? it hasn't hurt AAPL and IBM and others that continually repurchase shares and support their stocks.
Soda is down almost 60% and they are really quiet about it??? Short sellers are at the ready with fresh pieces on how this is going to zero every day but the company just chugs along losing value on a daily basis.?
With interest rates near zero they could borrow at 4% and buy back 1/2 their stock here. That would put the shorts at a big disadvantage with the float so low. Not much in the way of good management going on here.
JNJ is the FIT. they need to go head to head with MDT in this market, have the size, financial strength and sales force to make a BIG winner out of it. That or a equal size company that wants to bulk up and compete with the big boys. Either way, EW needs stronger management to grow the company and compete.
EW clearly has the better technology but MDT has the money, size, reach, sales force and lobbyist's to dominate in the future UNLESS EW management gets more aggressive. They need a partner to compete long term or bulk up with more products to increase FCF and grow the sales force.
Cash, you have to relax a little. Sellers continue to swamp the stock every time it moves over 83 level. What chart are you seeing? Clearly investors are waiting for a sign that earnings will accelerate from here with the new valve. The stock has just slowly sold down all day so far. Not even up 5% on this news. I say JNJ should take them over but everyone might have to wait awhile. Or it could be tomorrow? Who knows.
Interesting how you got 5 thumbs down? So many shorts and negative posters on these boards these days.
The company has the best products, what wall st wants to know is can they outsell MDT ?? Now that the latest valve is approved in the US, I wouldn't be surprised to see JNJ or another big firm make a run at them here.
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.
Love the technology but the management team here is very weak. MDT is laughing at them. They gamed EW WITH The settlement all while running late stage P3 trials on a big high risk population and now that ew settled???? They can sell away. Dumbest thing I've ever seen. This board of directors is incompetent for letting this happen. Ew had MDT shut out. They should have gotten a much better deal and now they need to compete with a much bigger player head on. Better hope the new Sapien valve is a big success.
The great thing about the stock market is that is actually is very irrational in the short term, and that is GREAT for investors who are patient and focused. EW is eventually headed over $125 . Zacks upgraded yesterday and JMP securities just issued Buy and $97 PT. Use selloffs and fear to keep accumulating your position and you will eventually be rewarded. When? who knows. I'm shocked that JNJ hasn't taken them out already .
So much whining on this thread. EW ran up on the MDT verdict and than the settlement rumors. Now big investors liquidating and moving on. LONG term this isn't an issue. Sure management has made many mistakes but the product speaks for itself. Management has been a poor allocator of capital and they should be buying other products/companies to GROW. Wall st doesn't like their style currently and analyst are mixed and no help here. Be patient, the demographics favor the TAVR market for the next 30 years.
EW wasn't even considering it in their revenue projections. The next valve is Sapien 3. JPM totally missed this rally and is now trying to talk the stock down, clearly very effectively today. If it can't hold here it will retest the 77.5 breakout.. Long term buying opportunity. Short term disappointment
Pretty simple really. Management doing a poor job of managing cash and their is probably a big player reducing their position after the big run this year. Long term the stock should do very well but unless they GROW wall street loses interest pretty fast. Buy more if it goes lower.
All depends on your time horizon. If you're a long term (3-5 year) holder, every selloff is a buying opportunity. EW will continue to grow and roll out new products. They could use this new found cash to buy new products, buy stock and grow the company but they are gong to reduce debt with it. Not the best allocation unless they just can't find anything to buy?? Perhaps they should invest in a solid M & A team? The market wants GROWTH.
Long term, EW is in a ENORMOUS market. Its up to them to capitalize on it and compete with MDT now to grow their business, market share and FCF. Eliminating some of the debt a good start. New Sapien valve should be a winner.
Thats why the stock is down today. EW still has the best product and a better version about to roll out. Higher price will come with it. May take more time.
Bought the rumor, sold the news. Stupid market day traders. EW should be buying back stock with this money. Pay down debt from FCF. They have always been very poor capital allocators. Bought back stock at higher levels than stopped in the 60's? New products are coming so it will be a slow and steady rise.
EW with a complete victory over MDT today. MDT finally admitting defeat and paying up for stolen technology. Guarantees EW $160MM / year MINIMUM for 8 years. EW wiping out their debt. Stock still undervalued and I just don't know why MDT didn't buy them out. JNJ should get them here. $1.28 bl minimum coming over the next 8 years and sales are RISING. I think EW is worth $140-160/share on a takeout multiple. New products will only add to the growing revenue here.
The company continues to grow sales and recurring revenue streams continue to grow. Don't like the reduction in margins and increase in sales costs but they do need to spend to increase consumer awareness.
Still value this at $3bl long term or more than 3x current mkt cap. Patience required but shorts cannot be sleeping well now. Add ONE MORE big hedge fund to the buying and they are TOAST.