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Boston Scientific Corporation Message Board

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  • bsxisgood bsxisgood Jun 20, 2012 7:44 PM Flag

    JNJ can write a check for BSX!!!

    -JNJ exited the stent market because JNJ had an inferior stent and couldn't compete with BSX.

    -JNJ exited the stent market in order to clear anti-trust hurdles if they were to now buy BSX.

    -JNJ sent their top medical device executive (Mahoney) to sniff around at BSX and become BSX's CEO in November.

    -BSX has reduced it's longterm debt from 6 billion in 2009 to 4 billion in 2012 to become more attractive to a potential suitor like JNJ.

    -BSX has initiated a stock buyback plan in order to reduce the float and make an acquisition more attractive to a potential suitor like JNJ.

    Even if JNJ was to split up it's medical device unit into a standalone separate company, they would still buy BSX. Abbott is also separating out it's medical device division into a separate company. BSX could be bought by both JNJ and Abbott, with JNJ getting the stents, and Abbott getting the defib business. Just remember that JNJ wanted Guidant. Now they can get it at a much much lower price.

    Short interest has gone from 48,789,645 in June of last year, to 23,082,590 on 5/31/12! Shorts are covering because they see Nicholas and Abele transferring shares into a protected trust.

    That is my read on BSX. Target buyout price $10-$12.

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    • "Shorts are covering because they see Nicholas and Abele transferring shares into a protected trust."

      That makes NO sense at all. If shorts were covering, the price would be higher, NOT LOWER!

      What makes you think Nicholas and Abele are transferring shares into a protected trust, you gotta link?

      And while you're at it, what makes you think JNJ is interested in this poor performer? You gotta link for that too? I didn't think so.

      Where'd you get the "$10-$12' figure?

      Its hard to believe, because its spent most of this year BELOW $6!!!

      I guess the stock didn't get that memo...

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