Investors had already braced themselves for a bad quarter and a near-total reset of expectations at small med-tech company Accuray (NASDAQ:ARAY), and the company actually came through with a slightly better quarter. Even so, investors apparently didn't like the fact that management didn't improve its order or revenue guidance, and/or the announcement of a $100 million convertible debt offering.
I've spoken at some length regarding my frustrations with Accuray, and my continued interest (and ownership) in the stock comes down to this - Accuray has developed some radiation therapy systems that offer solid advantages over the systems sold by Varian (NYSE:VAR) and Elekta (OTCPK:EKTAY). If the company can effectively manufacture, market, and support these...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|