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fire at breast implant factory - sounds strange, but it really happened. I don't want to imagine what the 911 call to the fire dept. sounded like. Anyway, their business was affected, but they had insurance. After the fire, getting things up and running again wasn't perfect. Implants are not all the same - different shapes, sizes, etc., so Mentor didn't have all the right sizes, etc for the December quarter. Kind of like going into a store wanting a size 43 suit when all they have are even sizes (my problem). But, their other lines of business were soft, too - so you can't blame the shortfall just on, eh, the fire (whew). Them they are try to prevent Misonix from selling a device which competes with Mentor's liposuction device. Mentor is claiming patent infringement. I am 99.99% sure that Mentor is going to lose that battle in court, and every analyst I have spoken to agrees with me. It is a stupid waste of money, but the marketing company for Misonix is run by a guy who competes with Mentor in the breast implant area, so it may be a macho thing, for all we know. Mentor does have new products kicking in soon, and at a certain price, I would buy it, but I am detecting a little lack of focus on management's part. What the price to buy it is depends on your investment time horizon and willingness for volatility. A 42nd skeptic - what's that mean? |
