Wednesday, December 17, 2014

Seeking Alpha: Ghosts Of Business Problems Past Visit Accuray Again

Since taking over Accuray (NASDAQ:ARAY) in October of 2012, Josh Levine has done a lot of good things at Accuray. Not that you'd know it by the stock performance (down about 3% over that stretch), but Levin has championed a reorganized sales force, reduced operating costs, and significant improvements in product quality and product development.

Unfortunately, there are still multiple issues bedeviling Accuray. Communication with the Street, long an issue of the prior management team, has emerged as an issue again as the company has failed to adequately communicate the impact of order age-outs to investors. There have also been challenges in getting the CyberKnife multi-leaf collimator to market, not to mention the challenges that go with competing against the 500lb gorilla that is Varian (NYSE:VAR).

Despite these rather sizable bumps in the road, I'm still bullish on Accuray. I've unfortunately gotten a much closer look at the realities of radiation oncology and I continue to believe that Accuray's technology and products can gain share in a changing radiation oncology market.

Continue reading here:
Ghosts Of Business Problems Past Visit Accuray Again

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