Carson Block Takes on St. Jude Medical Claiming Hack Risk : bloomberg

according to bloomberg

Carson Block Takes on St. Jude Medical Claiming Hack Risk

Carson Block Takes on St. Jude Medical Claiming Hack Risk

Carson Block, the renowned short-seller and founder of research firm Muddy Waters LLC, has taken a short position in St. Jude Medical Inc., denouncing the security of its cardiac devices in an effort that could derail the company's purchase by Abbott Laboratories.In a report to investors Thursday, Block warned that tens of thousands of Americans are living with ticking-time bombs: St. Jude pacemakers and defibrillators that are easily compromised, causing potentially fatal disruptions.Muddy Waters's Carson Block talks about placing a bet against the financial strength of St. Jude Medical.


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Short-seller's cybersecurity accusations push St. Jude Medical shares down – MassDevice

Short-seller's cybersecurity accusations push St. Jude Medical shares down – MassDevice

Allegations by a short-seller that nearly half of St. Jude Medical's (NYSE:STJ) cardiac rhythm management devices are extremely vulnerable to hackers sent the company's stock down some 8% today in early-afternoon trading.St. Jude Medical vehemently denied the charges, with their top R&D executive calling them "absolutely untrue."Muddy Waters, the firm founded by well-known short-seller Carson Block, issued a report today accusing Little Canada, Minn.-based St. Jude of being "grossly negligent" in failing to safeguard its Merlin@home device, which connects with implanted pacemakers and defibrillators.The short-seller wants to disrupt the pending, $25 billion acquisition of St. Jude by Abbott (NYSE:ABT); Block is long on ABT shares, he told Reuters.


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Zacks Rating on St. Jude Medical (STJ) – Trade Calls

Zacks Rating on St. Jude Medical (STJ) – Trade Calls

St. Jude Medical (STJ) : Zacks Investment Research ranks St. Jude Medical (STJ) as 3, which is a Hold recommendation.1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy.A total of 16 analysts believe that the stock has a limited upside, hence they advise a Hold.


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St. Jude Medical (STJ) Mentioned as Short at Muddy Waters

St. Jude Medical (STJ) Mentioned as Short at Muddy Waters

(Updated - August 25, 2016 10:57 AM EDT)St. Jude Medical (NYSE: STJ) was mentioned cautiously by short seller Muddy Waters Research.The report suggests that close to half of STJ's revenue could disappear for approximately two years as the company's pacemakers, ICDs, and CRTs should be recalled amid cyberattack risk."STJ's pacemakers, ICDs, and CRTs might – and in our view, should – be recalled and remediated.