From Reuters comes word of Agfa’s optimism over President Obama’s health plans and the part Agfa might play:
Shares in Belgian imaging technology company Agfa-Gevaert (AGFB.BR) jump after saying a U.S. healthcare group has deployed the company’s new diagnostic image technology.
The stock rises as much as 12.8 percent to 2.7 euros, outperforming the DJ Stoxx European Technology Index .SX8P, which is up about 0.7 percent.
ING analyst Arnaud Goossens says a nearly $900 billion stimulus package announced by U.S. President Barack Obama that included about $20 billion to help doctors and hospitals upgrade medical technology.
“It could be a coincidence, but it could be that people are already speculating that Agfa could get business from this stimulus plan,” Goossens says, reiterating his “buy” rating and 3.10 euro target price for Agfa-Gevaert.
I hate to break it to the Europeans, but just because there is money to be spent on healthcare IT doesn’t mean Agfa is going to get any. But hey, since we’re throwing away billions and billions on pork, another few million won’t make any difference, now will it? We might as well join in with Ontario’s government, eh?