Boston Scientific Corp. (BSX)
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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The Doral Plant is finally closing it's doors so all you beaners better start setting up your taco stands.
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Said it 18 months ago. Sell sell.... Mid-management in many countries are to concerned with the`` Boys Club `` attitude.
They cleaned house 2 years ago. The problem ``The boys got ride of the wrong people ``.
They fired the people on the ground who told them what was happening. The boys on the second and third level have no idea of what is going on at ice level. In Canada and many other countries they have lost 40-55% market share in the Drug Eluding market.
The only big gains have been in 1-2 major accounts were they gave the house away.
People have been predicting a comeback for the past 2-3 years.
With time they will be bought off.
Bottom line.... strong products + second-class management
= 8.00$ stock
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This is an excellent Bernie Madoff invetsment, I can think of no better way to lose all your money.
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BSX has been on a decline since 2004 with no signs of a big recovery. I've held this a long time, losing patience with them.
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SInce they upgraded this stock it has lost 20% of it's value. Everyone said to buy because med devices are recession proof. Well this is certainly not the case with BSX. Pissed off....
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BSX is about to close 5 plants and layoff 4300 workers. So long Miami Tech Center, it's time to learn how to speak english if you want to get a job in the USA.
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BSX has made unprofitable aquisitions. Too much goodwill and intangibles on the balance sheet.
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Do ya think all these new products released are problem free..Hold on to yer lugnuts it's time for an overhaul..
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I can really start to smell there is something wrong with this company. Take my advice and sell, sell, sell....
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Founders sell another 23.2 million dollars worth and no insiders seem to be making any major purchases. These are all signs of something very bad about to happen. Hang on to your money and dump this stock just like the co-founders are doing..
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These med devices are a thing of the past. New drugs will be the major benefactors of the future. So long BSX....
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Are you expecting a rebound ..Think again
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Insiders sell another 23.2 million shares, take a cue from this and get off this sinking ship before we all go under.
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Don't get fooled into buying this stock. Your money can be invested much more wisely in one of the other med device companies.
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Obama's plans for healthcare will deflate major medical device makers like this one. I see profits shrinking dramatically. Rumors abound that the Miami Tech Center will be closing their doors.
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I see more sell offs so they have enough money to feed this over bloated pig. Insiders aren't buying in on analyists recommendations of a turn around, instead they are continuing to liquidate. Something is definitely very wrong with this company.
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Insiders are cashing out on this turkey. I would take this as a serious wake up call and sell, sell, sell !!!
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Just when you thought they could go no lower, don't take a chance, put your money with J&J or Abbott.
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Don't expect any turn arounds from this under performer, more trouble is on the way.
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They have now reached an all time low. I knew they would be breaking some sort of record. Good job!!! HA-HA-HA

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