There is chatter and speculation on Wall Street among some bankers that the company has caught the attention of industry giant, Medtronic, Inc. whose market cap is nearly $47B.
The takeover rumors were fueled on Monday, after the former Chair of Medtronic's Corporate Research and Development Council, Mr. Warren S. Watson, was suddenly inserted into the Board of Directors -- replacing Dr. William Peters, who gave no indication about his departure, other than to say that the "resignation was not based on any disagreement with the Company."
We continue to feel optimistic that shares, which currently trade well off from their 52-Week highs of $22.90, may continue their climb higher given the number of near-term catalysts -- including initial patient enrollment in US and European clinical trials expected this quarter (1Q13). We also note that additional clinical data should be forthcoming from Sunshine Heart's 50 patient European post market surveillance study.
SSH continues to look like an attractive trade candidate as a short-squeeze play and we like the potential growth outlook that is well above the general medtech average.
Furthermore, given the strong bounce off support levels, we like he play's risk-reward ratio for higher upside from current levels.
Technically speaking, there are a number of indicators that catch our attention as we look at the most recent stock chart.
To learn more about Sunshine Heart's ground-breaking C-Pulse® Heart Assist System, watch the videos about the implantable, non-blood contacting, heart assist therapy on the firm's website.
This innovative device for the treatment of moderate to severe heart failure can be implanted using a minimally invasive procedure and hearing some of the patient testimonials provides insight and perspective.
The full version of this report complete with disclosures and technical analysis of the trade can be found here:
Healthcare investors and Biotech traders interested in accessing BioMedReports' new complete database of clinical trials and upcoming FDA and world-wide regulatory decisions which can be used to make more profitable trades and see upcoming catalysts can go to: http://biomedreports.com/fdacal.html
News developments and live healthcare sector updates are available constantly via twitter at: http://twitter.com/BioMedReports
BioMedReports is a news and research portal covering financial biotech news for the entire Healthcare Sector of the market. BioMedReports is not paid or compensated to report the news and developments of publicly traded companies. BioMedReports sells a premium product for subscribers and full disclosures and information about the stocks and news mentioned in this news release are available at BioMedReports.Com
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