Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Noise Over DCBs Clouds An Otherwise Okay Quarter At Bard

For a company with relatively modest underlying growth trends, C.R.Bard (NYSE:BCR) has generated a fair bit of enthusiasm on the Street for the enhanced growth prospects bought through M&A and the royalty stream from Gore. Among the acquired products, investors are particularly keen on the prospects for the Lutonix drug-coated balloon and management's comments on the earnings call only seemed to add more confusion to already noisy situation. Bard is not a particularly cheap stock at these levels and the company is going to need better organic growth and clear differentiation in drug-coated balloons to support further gains.

A Lot Of Moving Parts For A Basically In-Line Quarter

Bard reported 8% revenue growth for the first quarter,...

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