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Message Boards Settings Micrus Endovascular Corp. (MEND) - Quote Info
11%-14% growth & cash per 2/17 CC      5-Mar-09 04:58 pm    
"...we are revising our fiscal 2009 revenue guidance due to strengthening of the U.S. dollar versus foreign currencies and the uncertainty caused by certain current economic conditions. We now expect revenue for fiscal 2009 to be between $76 million and $79 million compared with prior guidance of $78 million to $85 million. This revised guidance represents growth of 11% to 14% versus our fiscal 2008 results."

"Turning to our balance sheet as of December 31, 2008 we had cash and cash equivalents of $42.1 million."

"In November, we entered into a $15 million revolving line of credit with Wells Fargo Bank from which we drew down $2.5 million in December."

Today's mkt cap at close $65.6M. This is a strong buy. $7-$8 coming within 2-3 months.


Sentiment : Strong Buy
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stentresear...


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11%-14% growth & cash per 2/17 CC
stentresear... Not rated 5-Mar-09 04:58 pm  
 
Thanks. Yahoo failed to list the cash equivalents...
mrsbuffet (1 Rating) 5-Mar-09 08:43 pm  
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Micrus Endovascular Corp. (MEND)

Chart for Micrus Endovascular Corp. (MEND)
On Dec 4: 14.41 Up 0.51 (3.67%)
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