Greater clarity regarding this transaction and future growth goals (without the Guidant acquisition) are needed.
Boston Scientific still has much 'wood to chop' regarding the recovery of the company's cardiac rhythm management business...That said, we believe earnings power for businesses remain substantial.
J&J needs Guidant's deep middle-management bench and the cooperation of senior management.
The device replacements will cause companies to forgo revenue producing replacement units in future years.
Overall, we found results in the quarter to be generally weak, but believe the strong market reaction was justified given the anticipated completion of the Guidant vascular acquisition.
We believe it will be critical for BSX to carefully manage its interaction with the FDA.
Results were dramatically lower than consensus estimates in both cases and reflect the challenges the company faces in rebuilding its CRM [cardiac rhythm management] business.
Copyright © 2024 Electric Goat Media. All Rights Reserved.