Monday, September 17, 2007
Fly Musings: BSX
This has to be the worst managed medical device company in the history of medical device companies.
However, it's worth noting, rockstar fund mangers at Paulson and Co. took down 32 million shares of BSX-- according to the 6/30 filings. I say 'rockstar' because one of their funds is up 400%+ this year.
Needless to say, their time machine is working, just fine. Perhaps they know a little something about drug coated stents.
Worth a look.
Someone bought 14mm shares plus in a two minute period on the 12th. Maybe your boys.
Prolly a buyout sitch, I'm expectin'.
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