After reviewing the CC transript, No worries here. I have been in the company's DSPP Program and have followed the stock religously for 8 years now. This is just buisness as usual. They throw the worst case senario out there for the street to digest (FX this quarter), and then trounce earnings estimates (beat by .06 this quarter). Wait until November when the beat earnings again, give the FY10 Guidance (thats still sandbaged) that is ahead of street estimates. We also get our divy increase again in NOV. I think it goes to .36 to .38 cents a quarter. We should have a $80-85 dollar stock by January.
I don't know about $80+, but I think the selling is unjustified. I added to my position before earnings around $69. I also did that to MCK and it took off after earnings. I think the market is getting ahead of itself and when the techs and financials drop back the money will go back into the healthcare stocks. I too, have owned BDX for years and see no reason to sell it until well into my retirement. It is a core holding for me. I too DRIP the stock. BDX, too me, is more of a consumer staple stock, than a strict healthcare stock. They make stuff they everyone uses everyday...then they have to throw it away and buy it again. I like MO, cuz you burn their product every day and have to buy more. I like WMI because we're always going to be making garbage. Gotta get rid of it and then make more tomorrow.
I'll buy more, but i think BDX will see low $60's in next month or 2. GLA.