Not Ready For Prime Time

Not Ready For Prime Time

Shares of Embecta are skyrocketing this morning on better-than-expected earnings. This increase has nothing whatsoever to do with their patch pump. In fact, we would tell investors to enjoy this jump while they can as once the patch pump gets here it will kill any momentum shares had. The simple fact is besides the current competitive environment the company is clueless when it comes to what running an insulin pump company is really like.

Here's a perfect example from this mornings call in his prepared remarks Dev Kurdikar CEO states:

“Related to our objective of . . .

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