BSX: Upgrading To Outperform--It's All About The Pipeline
Summary: We are upgrading shares of BSX from Market Perform to
Outperform due to (1) our increased confidence that the pipeline will drive
positive topline growth in 2014 and (2) an attractive valuation. The 6 key pipeline
products we think will drive top-line growth in 2014 and beyond are: (1) S-ICD;
(2) Watchman device for left atrial appendage closure (LAAC); (3) Lotus TAVR
valve; (4) SYNERGY drug-eluting stent (DES) with bioabsorbable polymer; (5)
the Vessix V2 system for renal denervation; and (6) Asthmatx Alair bronchial
thermoplasty (BT) system. The company also has 2 additional new products that
should also augment growth but the market opportunities of these products are
relatively small in our view (Rhythmia, and Bridgepoint). We believe these 8
new products will help offset the continued gradual decline of the global CRM and
DES markets. Despite being up +44.9% YTD (S&P +14.1%; large cap medtech
group +14.8%), we think shares of BSX are still relatively inexpensive trading at a
discount of 19% to the large cap medtech peer group on 2013E EPS (12.4x vs.
15.3x). We raise our 2014 sales estimate by $57MM to $7.274B (+2.7%) and we
increase our 2014 EPS estimate by a penny to $0.73. We raise our valuation
range to $9-10 (from $7-8) based on 13x our 2014 EPS estimate.
Sentiment: Strong Buy
HUGE
Sentiment: Strong Buy
HERE WE GO
$20 stock easy by 2014
Sentiment: Strong Buy
low volume no sellers ....shorts are trapped.....
Hope so
Sentiment: Strong Buy
AGREE
Shorts are getting tired of this going up to much upside from here
Sentiment: Strong Buy
Too much good news comming
Sentiment: Strong Buy
HERE WE GO
Sentiment: Strong Buy
The Explorer edition, which will cost $1,500, is available to those who signed up for the Explorer program last year at the Google I/O developer conference and those who applied for the #ifIhadglass social media contest. Google asked people on Twitter and Google Plus to submit ideas about what they would do if they had the glasses, which allow you to capture photos and videos right through the glasses. Google announced the 8,000 winners of the contest two weeks ago.
Sentiment: Strong Buy
Just like the APPLE IPHONE
Sentiment: Strong Buy
One of the first people to publicly announce that he'd received his Google Glass notification email was Brian Klug, an editor for Anantech. He posted a screenshot of the message on Twitter, which said that his Google Glass "hardware and software are now ready for you."
"We're seeing the first few devices come off the production line right now," the email continued. "We're producing enough for everyone, but only a portion of them are ready today. Therefore, we'll be notifying you in waves, and as soon as we're ready to invite you, we'll let you know."
For more, check out Google Glass
Sentiment: Strong Buy
Two of Silicon Valley's big venture capital firms are betting yes. Last week, along with Google's venture capital arm, Kleiner Perkins Caufield & Byers and Andreessen Horowitz created an investment vehicle called the Glass Collective. The goal is to invest in developers and startups with ideas for software, hardware, apps and accessories that will create an ecosystem for Google Glass, and discover all the things that can be done with the sci-fi looking glasses.
The move is in some ways similar to the $100 million iPhone fund created by Kleiner Perkins in 2008, formed to invest in startups developing apps for Apple Inc.'s (AAPL) iPhone, and the fund created to invest in the Java programming language in the early days of Java. But they are not creating a specific venture fund with a set dollar amount.
Bill Maris, the head of Google Ventures, told the Silicon Valley Business Journal that each firm can make its own decisions on what to invest in, and there is not a need to set up a specific fund set up because the investments will be seed, or very early stage, typically $250,000 or less.
Read more: http://www.foxbusiness.com/technology/2013/04/16/tech-view-google-glass-has-interest-hype-and-risk/#ixzz2QdXZHreV
Sentiment: Strong Buy
$5.61 then $6.20
Sentiment: Strong Buy
Markets all time high SVU will be sold for realestate and stores at $10.00
Sentiment: Strong Buy
This was the biggest resisance point when it dropped last year
Sentiment: Strong Buy