As such, we do not see any incremental financial impact from Thursday's action.
More Quotes from Glenn Reicin:
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.Glenn Reicin
Simply put, engineers were making decisions that senior management and physicians should have made.
Glenn Reicin
We think investors will look past third-quarter guidance, as the company has historically been overly conservative, and react favorably to the quarter.
Glenn Reicin
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.
Glenn Reicin
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.
Glenn Reicin
If the company can expand this agreement to other markets, the opportunity could be big.
Glenn Reicin
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