Monday, November 26, 2007

The Buffalo News: Business: Buffalo's Business:Greatbatch stakes future on makeover

This is the firm Eric presented in Monday's class

The Buffalo News: Business: Buffalo's Business:Greatbatch stakes future on makeover:
"...the deals mean the company won’t meet its goal of increasing its operating profits to around 20 percent of sales by the end of this year. Those margins have been running around 15 percent in 2007, and analyst Jason Mills of Canaccord Adams says he thinks margins could improve to the upper teens next year. “I understand the frustration and the challenge,” Hook says. “We’re at a little bit of an awkward point.” And that’s what has Greatbatch’s investors nervous."

No comments: