Friday, January 4, 2013

Seeking Alpha: Another Big Step Back For Accuray

Struggling small-cap med-tech company Accuray (ARAY) continues to demonstrate why it's generally a bad idea to bother with troubled companies that continually have to explain their underperformance. Accuray has struggled to gain any traction on its much larger rivals Varian (VAR) and Elekta, and Thursday's big warning shows just how far this company has yet to go to become a real rival. While bulls will likely argue that the company is sweeping the deck and putting the worst behind it, I think it's getting harder and harder to maintain a bullish thesis.

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Another Big Step Back For Accuray

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