HIKER and I hope you are right BILLMCGILL, It does like the shorts work together. Both WBA and DLTR are in same pattern---both off heavily today for no reason.
He installed my two conformis knees last November.
The recall meant the knees awaiting installation were returned.
Some surgeries were rescheduled
Now it is business as usual
I'm back in
He said two things
1. He doesn't really think the company has made false statements
2. With stock price down a lot he really doesn't think it is worth selling now
This is the last place in U.S. Business to go headhunting. This should eliminate her chances.
Agree with you 100%. I hated to sell, but believe it is the right thing ti do. I contacted the company two days into recall strong suggesting the issue a communication as you indicate. No response. GLTA
I was their biggest proponent until this recall. There are hundreds installed in patients. 130 million can disappear faster than we all think. Selling 4k shares and watching. Just too many legal filings. Sorry,
There are already two law firms looking into the timing of Conformis communications about the product recall earlier today. I question all this legal bombing at this time. Especially when there are five huge corporations with products that Conformis could make outdated with their custom-made knees. I'm watching for any downgrades....... As a shareholder, I'm hurt. But don't want the company to have to spend their resources for legal battles for the wrong reasons.
This explains the poor performance last Tuesday- the +600 pt day.
This will have an impact on patients and doctors with scheduled surgeries upcoming
Good call as the ABT deal is made today
Are they making a good profit per knee?
Are they receiving a fair reimbursement per knee for Medicare claims?
Are they at risk of a lower reimbursement figure down the road?
I am very satisfied with my walking speed, stair climbing, and rising from chairs with my two Conformis knees. 11/11/14 surgery date. This is all about patient empowerment. While tomorrow's quarterly report will not show positive earnings it will certainly show good progress toward becoming very profitable. GLTA