More BS from Boston Scientific

Posted by jd
April 24, 2007

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When I wrote about the BS about BSX (Boston Scientific Corp.), I had not seen the numbers that were released later yesterday. Exactly as I had suspected, the company reported that Q1 profit fell by as much as 64%. Ouch! No wonder the company CEO wants investors to believe that they are thinking “long-term.”

Demand for two major categofies of products – heart stents and implantable defibrillators – is declining since their safety and effectiveness is already under a cloud.

I thought that only politicians lied but when you hear CEO’s do that, you feel disappointed.

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Business strategy

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