Sometimes a big acquisition is like a good Thanksgiving dinner. The sheer size of it requires more time than usual to digest. At least for Wall Street.
That’s the reason KCI Concepts’ CEO gave for the hit her company’s stock has taken.
Catherine Burzik, who also serves as president, told Cramer Monday that the market has yet to fully grasp the complexity of KCI’s recent acquisition of LifeCell. Soon enough, though, she expects analysts to start seeing the same synergies that she does, and then the stock should move accordingly.
That may be, but Cramer said he still wants to see the next quarter before he recommends this stock. Therefore, KCI’s a “don’t buy” until further notice.
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