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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (31256)8/19/1998 1:48:00 AM
From: PaperChase  Read Replies (1) | Respond to of 132070
 
MB. Do you still own Medtronic (MDT)? I know they have the promise of substantial ICD sales in the future. However, their other product areas are countering this growth. MDT seems like another overpriced tech stock that won't correct because of lofty future expectations. What are your thoughts?

With St. Jude (STJ) fading fast, it looks like a 2 horse race between MDT and Guidant (GDT) for the ICD market. But STJ could make a come-back when it catches up in dual-chamber ICDs. Essentially, both STJ and MDT are reporting flat year-over-year sales but STJ seems to be the stock that is suffering.