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DewDiligence

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DewDiligence

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Re: DewDiligence post# 63468

Thursday, 01/29/2009 7:31:36 PM

Thursday, January 29, 2009 7:31:36 PM

Post# of 257262
Orthopedics are more discretionary than most kinds of healthcare. That’s why such formerly high-flying orthopedics companies as ZMH are issuing tepid guidance for 2009:

http://finance.yahoo.com/news/Zimmer-Reports-Fourth-Quarter-prnews-14191897.html

The Company expects full-year revenues for 2009 to increase between 1% and 3% on a constant currency basis, with revenues anticipated to be flat in the first half of the year and improving thereafter.

This is quite a comedown from the bullish expectations seven months ago (#msg-30016787) and the even more bullish projections made a few years ago (#msg-2351794).


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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