So Cochlear posts a net Loss of $238 million, revenues declines, dividend is stopped and no forecast is given but their shares go up over 7% to give the company a market cap of nearly $14 Billion! So cochlear is a good company but a forward P/E of well over 120 or 150 or whatever is really pushing it. There is hope for MYX everyone, if a result like that boosts the shareprice I don't reckon MYX will do too badly this week... it's not as if they are overvalued right now. Some decent forward guidance on revenue and FDA approvals and things could be looking up.
MYX Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
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