Greatbatch, Inc.
We reiterate our Underperform recommendation for <B>Greatbatch, Inc.</B> (<a href=http://www.zacks.com/stock/quote/gb>GB</a>), a leading producer and supplier of batteries, capacitors, and components used in implantable medical devices. <P ALIGN="left"> The company reported tepid first-quarter 2010 results with earnings missing the Zacks Consensus Estimate. Profit was hit by lower sales due to declines across Orthopedic and Vascular sub-segments. <P ALIGN="left"> Although Greatbatch has been acquiring complementary businesses over the last few years to boost its top-line, we maintain a cautious approach as operating metrics are expected remain under pressure as customers lower inventory levels and defer spending on elective procedures.
June 27, 2010 | Filed Under Stocks to Sell
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