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Boston Scientific Corporation Message Board

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  • ajh8864 Dec 5, 2011 8:12 PM Flag

    Layoffs coming in Fl

    Basic balance sheet fundamentals on this one.

    No major change in liabilities / no major change in tangible assets.

    Labor as a percentage of cost of goods sold is negligible.

    Few companies EVER succeed in cutting labor to make up for this type of debt.

    Those that get “packages” will be the lucky ones prior to chapter 11.

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