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Biotech / Medical : Medtronic (MDT)
MDT 100.76+1.1%Dec 10 3:59 PM EST
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To: Jorgen Jensen who wrote (50)4/17/1997 6:14:00 PM
From: Flan   of 687
 
I am becoming more cautious on this company - St Jude reported yesterday and missed the revised downward estimate of 0.36 - there were multiple problems but despite top line growth the strong dollar cut into earnings. BSX now St. Jude - MDT has alot of exposure to foreign markets. I will take a wait and see atitude before buying into a company that is selling at a 40% premium to other medical device companies.
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