Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (6537)	4/8/1998 11:06:00 AM
From: Lazlo Pierce	Read Replies (2) of 18691

Pancho and all, from briefing.com <<08:54 ET Guidant Corp (GDT) 75: Medical device maker warns that Q1 stent sales will be close to Q4 levels. Cites a small decline in the total number of units sold, partly because hospitals and other large purchasers stocked up on the medical devices. (WSJ)>> ************************ GDT is in the same biz as AVEI. This piece of news is very interesting. These stocks have a very high P/E, under the assumption the stent biz was growing very fast. This news could be the forerunner of some earnings dissappointments for GDT, MDT, and AVEI. Dave

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