Diamonds and Dogs
10/9/12Edwards Lifesciences Corp. (EW)
Edwards Lifesciences is giving its investors a heart attack today, down 22.87% at $84.99. The heart valve therapy company lost nearly $22.00 today after management lowered their company's forecast. Edwards said that preliminary sales for the quarter were $448 million, below the company's July expectation of $465 million to $485 million. The company blamed the miss on lower-than-expected sales of transcatheter heart valves, a replacement for faulty aortic valves that can be implanted through small incisions to avoid open-heart surgery. Today's drop in prices marks the largest intraday loss for Edwards since October of 2000. After today's large loss, some Edwards' investors might need the heart valve transplant.
BSD Medical Corp. (BSDM)
BSD Medical is bucking the trend today, up 72.88% at $2.04. The cancer treatment (heat therapy) company saw its shares pop after releasing positive news regarding its MicroThermX product. The MicroThermX Microwave Ablation System saw sales jump 391% in September 2012 versus September 2011. This is a dramatic increase in sales for MicroThermX products and representative of a continuing trend of accelerating revenue for this product. The world market potential for ablation products is estimated to exceed $2.3 billion. Needless to say, BSD could capture a good portion of that market with continued success of its MicroThermX product. With the market down significantly today (Dow down 110 points, S&P down 14, and Nasdaq down 47), BSD is one of the few stocks pushing toward its high.