Insulet (PODD)

Add a New Bears Reason Company: Insulet (PODD) Current price: Headline: (100 character max) Analysis: Cancel 0% agree 1 votes   Analyst Downgrade Top Contributor: Jack Bass | Created when NASDAQ:PODD was $16.20 | Edit | History Canaccord Adams downgraded the maker of wearable insulin pumps on Friday June 20th, based on three near-term concerns: a) data points suggesting that diabetes educators at select major centers are frustrated with out-of-box failures and advising against initialization of OmniPod therapy; b) a manufacturing issue causing device failures has been resolved, but we expect a negative impact to gross margins in Q2/08; and c) expectations for H2/08 revenues and gross margin improvements may be too aggressive given the near-term hurdles for the company and timeframe necessary to complete scale-up of manufacturing. The next catalyst for Insulet will be Q2/08 financial results, expected August 2008. (100 character max) Cancel

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