Does anyone have an opinion as to whether all the acquisitions (12 since 1995)BSX has made would be a "change" in philosophy? And, do you think the acquisions are good ones? Lastly, our investment club purchased BSX last April for around $50 and they're chomping at the bit to "capture some profite." I think they're VERY premature...Any thoughts?
I stopped by the BSX homepage and selected a few items from their mission and philosophy statement. I believe from past performance there is clearly a long term committment here. The following 3 items are from a list of about 10 or so. I think they speak directly to your concerns.
�To encourage innovation, experimentation and risk-taking
�To recognize bureaucracy as an arch enemy and not allow it to inhibit our good sense of business and creative spirit
* �To provide shareholders with an attractive return through sustained high-quality growth *
BTW, I also think you may be right on with 'VERY premature'.