Tuesday, September 14, 2010
Has NuVa Caught The Recession Flu?
It seems like chicken soup, nor even red beet borscht is going to help NuVasive's projections for fiscal 2010 . Today, the Wall Street Journal reported that Alex Lukianov has notified the Street that NuVa intends on cutting its forecast for sales growth and reductions to its top line 2010 guidance. Of course since there is no rhyme or reason to the market, NuVa's stock jumped 5% and closed at $33.13 per share. Tomorrow morning may be the time to sell off some of this stock, its hard to image that it will not take a hit when the market opens. TSB must admit, a little humble pie will go a long way for some of the people at NuVa. Seems like XLIF's shoulders have gotten tired of carrying the rest of the portfolio. I guess the Bear will have to limit himself to only one bottle of the 1998 Petrus.