The Spectranetics Corporation – $SPNC – Confident Investor Rating: Poor

Company name The Spectranetics Corporation
Stock ticker SPNC
Live stock price [stckqut]SPNC[/stckqut]
Confident Investor Rating Poor

The following company description is from Google Finance:

The Spectranetics Corporation develops, manufactures, markets and distributes single-use medical devices used in minimally invasive procedures within the cardiovascular system. It offers excimer laser system named CVX-300. Its single-use laser catheters contain up to 250 small diameter optical fibers that can access difficult to reach peripheral and coronary anatomy. Its Vascular Intervention business unit includes peripheral and cardiac laser catheters for ablation of occluded arteries above and below the knee (peripheral atherectomy) and within coronary arteries (coronary atherectomy); aspiration and thrombectomy catheters for the removal of thrombus (thrombus management), and support catheters to facilitate crossing of coronary and peripheral arterial blockages (crossing solutions). Its Lead Management business unit includes excimer laser sheaths, non-laser sheaths and cardiac lead management accessories for the removal of problematic pacemaker and defibrillator cardiac leads.

Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in this stock. It is not possible to confidently invest in a company that is not currently profitable.

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