7.2 billion suit from JNJ is good enough to send BSX stock back down to $4, where it was before.
If those who can hold for 10 to 20 years, the company may have a chance to turn around, if no more new law suits coming along but I doubt it.
The company has too much debt and increasing, law suits are also increasing.
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So I read the message board on IVOB and JNJ and people are deciding who would be the better candidate for a take over of IVOB when FDA approval happens. Someone Mentioned that BSX would probably be the one to do it because of their association with the CEO of IVOB. I am thinking more along the lines of Johnson and Johnson being a higher probability than BSX, but I thought I'd bring it to this board to see your opinions since you own share in BSX. Which do you think has the higher probability of buyout of IVOB should they get FDA approval shortly?
Biotech/health care was great until noon, now it will all be negative by 4pm on cheap oil. Every single day, getting old. How can cheap oil be bad for healthcare and biotech companies?
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