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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject2/20/2004 2:31:55 PM
From: clutterer   of 436258
 
anybody watching BSX over here? Boston Scientific Could See Earnings Surge
Forbes.com staff, 02.17.04, 11:07 AM ET


Tear Sheet | Chart | News

NEW YORK -

J.P. Morgan said earnings growth for Boston Scientific (nyse: BSX - news - people ) from 2004-2005 "should be unlike any before in medical device history." J.P. Morgan's forecast calls for earnings per share climbing from 62 cents in 2003 to $1.65 in 2004 and $2.35 in 2005. The research firm expects Boston Scientific, which focuses on less-invasive, catheter-based therapeutics, to capture 65% to 70% of the drug-eluting stent market in 2004-2005. J.P. Morgan, which rates Boston Scientific at "overweight," said the company's Feb. 23 analyst meeting is "arguably the big event for Boston's stock in 2004, right behind the launch of Taxus," a drug-coated stent. "Should management effectively sell the Street on its 2006 outlook, including its ability to effectively put to use its substantial Taxus generated free cash flow, multiple expansion could ensue," J.P. Morgan said.
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