Better to be lucky than good

Yesterday Insulet (NASDAQ: PODD) announced results which judging the street’s reaction were received vey well. Now before we get into the story behind the numbers let’s give credit where credit is due, CEO Pat Sullivan and his team have done a good job. Pat inherited a major mess when he took over and for a time it seemed like it was nothing but steady stream of bad news. Bad news which he rightfully blamed on the previous management team. Yet while he was throwing this team under the bus we know there would come a point where he . . .

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