Savvy Trades and Investments

[wadegarret]

R59- IART downgrade is bogus IMO

What about valuation ? I mean is valuation thrown out the window because the company has had quality control issues ? This whole thing with IART has gotten insane ! This Citi analyst downgrade, after the stock has been decimated down 60% in six months, to a 6 PE going forward is ridiculous and reeks of a bogus downgrade, likely to allow more institutional buying on the cheap. I mean he gives the main lame reason, is that the Sept qtr is usually a weak one. Well how about IART has already lowered guidance substantially for Q3 already ! If the stock goes to $16 or less tomorrow, I will double down ! In Wadegarret, I will sell my other position, and spend every dollar on IART.