The worst thing at the wrong time is the loss of the Court Case which will cost A$438 million.
Paying down debt is fine but losing nearly 1/2 $billion on a Court Case loss is not.
"When launching the raising, Cochlear also cited its loss of an appeal of a US patent dispute which is expected to result in the company paying at least $US268 million ($438 million) to two US groups that launched the law suit.
Its a good company with a good product but even at $100/share it will be over priced. Too many other good opportunities on the market now after the meltdown.
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(20min delay)