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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...

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