Small-cap medical device company Cardiovascular Systems (CSII) is down 15% in January – on absolutely no news. That’s right, not a thing has changed from the end of the year to today and yet this stock is down 15%.
Give me a break. If you want to make money this year, do yourself a favor and grab some shares of this one. The company did a secondary offering at about these levels. Buyers then did so for the opportunity to double their money.
Cardiovascular Systems received important approvals for its medical device product to be used in the U.S. That product serves a monster market. Sales are likely to grow and grow fast. Or even better, this company could be sold to a larger medical device company that can maximize sales. Whatever transpires, the stock should recover that lost 15% and then some before the end of the year. Cardiovascular Systems is an easy 20% gainer from here, in my opinion.