The stock has been sliding since that mysterious one day spurt upward last week... Does anyone have the slightest idea as to what is happening? Does anyone VISIT this board anymore????? Any comments would be appreciated.
I don't get a sense that the company's efforts to grow fast are in reaction to fear of being taken over. The driving force seems to be to remain a leader in the medical products industry. This is a positive rather than negative motivation. I recall that the CEO has been asked point blank on CNBC if a takeover could be in the cards someday, and he gave several reasons why not. Pushing to double revenues simply to avoid a takeover by a company like Abbott Labs would not work, because even at double the company size, it would still fit in Abbott's hip pocket. There is not a deterent force in this. If it happens, it happens for other reasons.
Rather than being taken over, I could more easily see BD making a large acquisition to accomplish its growth and revenue goals. This is the more likely scenario, and the one that will drive the stock price, as have recent acquisitions. Being open. Being honest. Meeting the commitments made to investors is where this company lives
. I could see BD becoming the kind of company Warren Buffet would invest in as a permanent holding. It would be a nice feeling to have been investing in BD for 20 years before Buffet gave recognition to the company.
Where do you get your information? Do you mean that a stop loss point was reached on the downside, which would accelerate the selling, or do you mean that the stock fulfilled it's upside target, so now we should get out of it? I, for one, am completely baffeled by the action of the stock. I can see from the way it trades that the specialist is ready to let the stock run to the upside, but as soon as it sticks it head up, another size seller comes in and whacks the bid. This is amazing considering the 49 1/2 opening the other day, and now the stock is around 40. I'm looking for any ideas!!! JM