Thoratec Corporation ($THOR) Cautious Buy or Hold to $60 Confident Investor Rating: Fair

Company name Thoratec Corporation
Stock ticker THOR
Live stock price [stckqut]THOR[/stckqut]
P/E compared to competitors Good

MANAGEMENT EXECUTION

Employee productivity Good
Sales growth Poor
EPS growth Good
P/E growth Poor
EBIT growth Good

ANALYSIS

Confident Investor Rating Fair
Target stock price (TWCA growth scenario) $58.3
Target stock price (averages with growth) $125.68
Target stock price (averages with no growth) $143.09
Target stock price (manual assumptions) $45.19

The following company description is from Google Finance: https://www.google.com/finance?q=NASDAQ%3ATHOR&sq=thor&sp=2&ei=hskQU7DvKYWxqgHHlQE 

Thoratec Corporation is engaged in mechanical circulatory support with a product portfolio to treat the range of clinical needs for advanced heart failure (HF) patients. The Company develops, manufactures and markets medical devices used for circulatory support. For advanced HF, its primary product lines are its ventricular assist devices (VADs), which include the Thoratec Paracorporeal Ventricular Assist Device (PVAD), the Thoratec Implantable Ventricular Assist Device (IVAD), the HeartMate Left Ventricular Assist System (HeartMate XVE), and the HeartMate II Left Ventricular Assist System (HeartMate II). For acute HF, its product lines are the CentriMag Acute Circulatory System (CentriMag) and for pediatric patients the PediMag/PediVAS Acute Circulatory System (PediMag/PediVAS). On August 3, 2011, the Company acquired Levitronix LLC (Levitronix). During the year ended December 31, 2011, the Company discontinued the sale of the HeartMate XVE.

 

Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in Thoratec Corporation as long as the price is correct. Most of the fundamentals of this company are good but there are some concerns.

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