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The Company develops, manufactures & markets medical devices that are used in interventional cardiology, peripheral interventions, vascular surgery, electrophysiology, neurovascular intervention, oncology, endoscopy, urology, gynecology & neuromodulation.
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lorted1956 (< 20) Submitted: 2/22/08 2:16 PM : Start Price: $12.21 BSX Score: -6.41
Very week middle and upper middle management.Classic example of a company that has promoted the wrong people into the wrong job at the wrong time.Did dot invest into research in other divisions. ex: neuro market share loss of 40% market share in past years.Basically a cardiology company. Had 75% market share of DES market share. J&J have matched BSX prices and are eating them alive. Another round of lay-offs will happen before 09.Will be bought out eventuallyHat`s off to John Abele and Pete N. great founders.
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