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Biotech / Medical : Guidant (GDT)

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To: D.Austin who wrote (177)7/11/2001 9:48:20 AM
From: Lighthouse  Read Replies (2) of 235
 
Well now everyone hates Guidant? Downgrades galore this morning. Lowered price targets - that were a joke to begin with. Analysts on Wall Street never give good advise to the public. What a shame.

I have not owned GDT in quite some time due to valuation concerns; however, that is being addressed as I write. To wit Guidant still has:

1) Strong #3 position in pacemakers
2) Very Strong #2 in ICD's
3) #1 market share in stents (until JNJ's coated stents hit the market)
4) A very strong emerging cardiac portfolio
5) Capable management
6) Huge cash generation
7) High barriers to entry

Wall Street loved it at $70 and hates it at $30 - typical.

Cheers,
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