On the Phone With Volcano CEO Huennekens
Cramer recently has covered a number of smaller medical-device companies, which aren’t sensitive to the economy. One such find was Volcano. The bulk of the company’s business comes from IVUS (intravascular ultrasound) catheters, a technology that allows doctors to take better pictures of the insides of arteries.
With all the issues with stents recently, says President and CEO Scott Huennekens, “There’s an increased need to visual the artery and visualize where you’re placing these stents to avoid some of these catastrophic events. So we see our business, quarter-to-quarter and year-over-year, growing 25% as a result.”
“Twenty-five percent growth?! Do you know how hard it is to find that?” Cramer asks. “Volcano is a buy, buy, buy!”
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