Home | Business News | Browse by Publication | S | San Diego Business Journal

Vista firm braces for its recovery.

Publication: San Diego Business Journal
Publication Date: 27-OCT-03 		Format: Online - approximately 1367 words
Delivery: Immediate Online Access
Full Article Title: Vista firm braces for its recovery.(sports medicines products maker)

Article Excerpt
DJ Orthopedics Inc. may be among the biggest turnaround stories of the year. Except, it appears few have noticed.

Since the Vista-based maker of sports medicines products concluded its yearlong restructuring effort this summer--expected to bring $11 million to $12 million in annual savings--things are looking up for the company again.

Analysts' excitement surged on DJ's unexpected news this month that it plans to buy a Tempe, Ariz.-based bone-growth stimulation business. Compared to traditional bracing, which is DJ's core business, the market for growth stimulation devices to treat hard-to-heal traumatic bone fractures is rising rapidly.

Investors reacted positively. DJ's stock price gained 10 percent to close at $15.45 on Oct. 9.

The stock continued to climb near its 52-week high of $17.31, up from its low of $3.30. On Oct. 22, DJ shares closed at $16.65.

The stock trades on the New York Stock Exchange under the ticker symbol DJO.

John McCormick, director of HealthPoint LLC, a New York-based research firm that specializes on the orthopedics industry, said DJ is recovering nicely.

Bracing to treat sports injuries is a 5 percent growth market compared to 12 percent for bone growth stimulation.

"Clearly the markets have warmly welcomed DJ's news that it signed a definitive...

Access Full Article, Compliments of Goliath

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from San Diego Business Journal
Companies find energy alternatives to their liking.(solar electric gen..., October 27, 2003
Council OKs plan to raise local hotel room-tax rate: tourism: measure ..., October 27, 2003
Business help sought in lobby efforts to save bases.(San Diego's milit..., October 27, 2003
Strike takes a big bite out of in-store businesses: workplace: compani..., October 27, 2003
Union, management fight to standoff in war of words: media, experts sa..., October 27, 2003

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.