A Mixed Bag

Given the way things have been unfolding it’s difficult to judge how much of the recent selloff is related to concerns over the coronavirus and its impact on the global economy and how much is company results related. The results released by Insulet this afternoon and the initial reaction of the street is an example of this. While revenues were strong, gross margins a key metric declined 60 basis points for the full year, down 290 basis points for the fourth quarter.

Frankly we aren’t surprised that shares have been selling off in after-hours trading given the . . .

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