Gabelli Upgrades AngioDynamics to Hold - AngioDynamics (NASDAQ:ANGO)

27% profit every 20 days?

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Gabelli raises its rating on AngioDynamics (NASDAQ: ANGO) to Hold as the company announces accretive deal to acquire Navilyst Medical for $372 million in cash and stock. Gabelli comments, "Overall we think this is a strategic and accretive deal for ANGO. This deal also more than offsets the loss of the LC Bead distribution agreement and does not preclude the company from future tuck-ins to improve the product line. We are upgrading our recommendation to a HOLD now that we are gaining additional visibility into the company's future."ANGO closed at $12.96 a share on Tuesday.

27% profit every 20 days?

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