Attempting to catch a falling knife is a fool's errand, but picking one up off the ground is a different story. Imris Inc.(IMRS) is a Canadian medical device company that specializes in developing, manufacturing, and marketing surgical theatres for hospitals. The company's stock has been on a rollercoaster since its IPO on the NASDAQ in 2010, falling from a high of $8.78 to today's share price of $1.33.
With a new CEO in place, recently launched business initiatives, and an all-time low stock price, Imris is in turnaround mode and seems to be developing a bottom. Improving fundamentals and continued revenue growth signal that this knife is ready to be picked up off the ground....
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