Groins, I hope that you are right and that I am wrong.....
If we use Edwards Life Sciences as a comparison (also, basically a pure TAVR company) they have averaged NPAT % margins of mid to high 20's for the last few years although from 2015 to 2020 averaged in the mid to high teens for NPAT % margins.
Anyway, a lot of water to go under the bridge before we have to worry about this!
Good luck to all.
Groins, I hope that you are right and that I am wrong.....If we...
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