GREY:DGCRF - Post by User
Post by
Dibah42on Nov 12, 2013 9:34am
241 Views
Post# 21896877
HOLX takes $1.1b impairment
HOLX takes $1.1b impairment
Stock tanks in after-close. Looks like Jack Cumming who was recalled from retirement to fix things has rammed all the bad news into this Q. The GPRO side was the main saviour growing at 14% while the breast health grew at 1%. And yet one has to wonder if they overpaid for the GPRO acquisition.
The company keeps mouthing inanities "Womens' health is the very reason for our existence". "Our business is saving lives" (mens' lives???)
Of course there is no mention of Progensa although most of the clean-up/savings is supposed to be on the Diagnostic side.
Does this present an opportunity for Bordeleau? Remains to be seen. Quebec City is silent.