MRI Interventions Inc (MRIC)

[gistheman]

There had been several quarters of good growth before this one. Earnings came in lower than the market expected, but if you read the release, the company explained that they took a big hit in Q1 to make a change in their system for treating patients. Doctors suggested that there would be benefits to having patients lay face down for procedure, vs.on their backs. Sounds simple, but there was retooling of programming, etc. They also indicated that this disruption was contained in Q1 and that growth was expected to resume in Q2. This is still a few quarters away from CFP. I think the sell off was over done.