Not entirely wrong on STXS yet...
*Ouch* Investors dive bombed the STXS and Standard and Poors came out keeping their bearish stance (HOLD rating) and their $5 price target.
I still stand by STXS as a good investment based on it being a good 2010 turn-a-round story.
Frankly, I do not see much from these numbers as to why such trepidation occured.
A loss of 18 cents a share certainly isn't good.... But it was a beat on expectations for a bit worse than that.
Good news is in the operating expense being lowered than projected.... The Gross Margins higher slightly than projected... There does still seem to be some good momentum behind their magnetic technology for catheters.
So... I can't really say I'm Wrong yet.... On the short term..I'm wrong.... Long Term?? I ain't throwing in the Towel on this Stock yet.