Surgical Innovation...cutting edge technology

Found house broker forecasts on Armshare dated September 7th. eps 0.19p 2006 and 0.34p 2007 giving PE's of 22 and 12.5 at 4.25p.

At say 3.25p forward PE (2007) was only 9.56. Could have got less than 3.25p Monday! That was solid ground. Bugger.

Obviously big rise in eps means big rise in profit for 2007, forecast last September. Why? Looks to me that they expected good news from USA to impact on
2007. So they were confident of ousting J%J? And more news later? North Shore alone won't account for the 2007 eps forecasts.

Is there another reason? 2007 eps forecasts must be USA based, surely? I expect more news. Great bit of bottom fishing mitchy.