New Idea – Datascope (DSCP)

Lot’s of turmoil at Datascope (DSCP) these days.

Big investors are pissed .

Management is defending their actions .

What I find important is the stock is hitting all-time highs through the fuss. Eric from Blackstar sent it over to me and I fired back that $45 was it’s all-time high. He responded that adjusted for dividends, the stock was now at one. Here is the company/stock profile on Google .

Historicaly, this stock has acted poorly after hitting all-time highs so be wary.

This recent turmoil (the challenges to management may focus them on greater shareholder value) and their new product for monitoring heart patients may make this assault different.

I want more medical stocks to take advantage of the big trend towards an aging population so will add the position today.

Disclosure – Long DSCP