CCA and Spectranetics

CCA (CAW-AMEX), filed their 10Q yesterday. New valuation is indeed over $19. $19.35 to be exact. Gross margins were a hair under 70% and things look good. Now we just have to wait for the market to catch up. With Costa Brava nipping at their heels, there is pressure to get the stock price up to fair value. Closed at $9.82, now up 4%. BUY

Spectranetics (SPNC-NASDAQ), Looks like Citigroup issued a buy recommendation on SPNC. Price target=$17. Stock reacted nicely yesterday-closed at $12.36. We are now up 16%. HOLD

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