Sirona Dental has just received a root canal. Patterson, a pretty lousy dental supply company just warned for 2008, citing general economic conditions as the reason for the warning. For Patterson, this is just a new excuse for a poorly run company, but the pin action from this warning is putting SIRO on sale.In fact, SIRO has broken through its 200-ma and looking for a bottom. I think that bottom may be $23 so I am holding off for today, but any bounce that looks like it will hold and I am a buyer. Nothing is wrong with the dental supply market and SIRO is doing fine. Patterson is what is wrong and they ought to blame themselves.
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