I have read with great interest some of the
recent postings on this board. I've never worked for BCR
but have been a stockholder since 1975. A long-term
observer, you might say.
For years, BCR was a great
company to own stock in. Innovative, with steadily rising
sales, earnings, dividends, and stock price, with
frequent stock splits. BCR was actually the first to
develop angioplasty cateters and bring them to market,
and the company thrived on that business for several
years. I got into the dividend reinvestment program when
it started and gradually built up a sizable position
-- it was my largest and I sent a little money
almost every month to keep adding to it.
apparently, all the corporate success wasn't enough. The
company had the leading position in angioplasty catheters
but got into trouble with the government (justifiably
so) for selling new designs without prior FDA
approval. Enjoined for some time from selling the caths in
the US, the company lost its market share and
foundered. Management was ousted along the way (as it
deserved), but the current have never gotten the company
back on track. And, they recently altered the dividend
reinvestment plan so that it is much less friendly to existing
stockholders, as a result of which I have withdrawn from the
plan altogether. BCR is no longer my largest
Now I'm reading that management is poor and employee
morale is down. No surprise, I guess. Is the Board
asleep? Count me in as a disgrunted BCR investor at this
point. I called the company and let them know what I
thought about changes to the reinvestment plan, all to no
avail, of course. If this is how they focus on
stockholders, I'd hate to see what would happen if they decided
not to care. Is there any chance of this company
getting its act together, again? Should we hope for a
buyout? Or is it time (or past time) to just get out and
I'm looking forward to seeing more from
Catch you all later...
Wow....as bad as all this sounds I find myself
laughing....I mean, all your feedback is so completely
negative...you sound like you used to work for Bard and left the
company....you also sound like you are well informed....I'm not
necessarily disagreeing with you, okay? But please tell me
something positive.....and do you think you are being
totally fair when you look at the other companies like
Bard....maybe they have made some errors in the past, but I
believe Bard is trying to move forward....I believe that
they are in a growth mode...infact I think from a
competitive standpoint we are going to see some very
interesting things with the entrance of TYCO....I definitely
think Bard is a good company with a lot of areas to
grow....am I being overly optimistic, maybe....but I really
don't think so...we can only wait and see...also, it
will be interesting to see what happens when TYCO buys
The last acquition Bard made in cardiology was
Pilot Cardiovascular which Paul LaViolette (now a big
cheese at BSX)pushed for and eventually got at $35MM.
Bard could never make the product and the company was
folded. Great Acquition. Right
I get real nervous
when BARD wants to acquire anything.
Well the opportunity is small and the price is
high. They screwed up the cardiology market, the
cardiovascular surgery market, the radiology market and it is
entirely possible they will kill the urology market.
Look at their record over the last 5 years.
Unpredictable earnings growth and a succession of CEO's,
presidents from within.
What a joke of a company.
RIGHT ON MAN!!!!
I find it almost
hilarious how negative people on board are about Bard....oh
well...BUD just bought Endomatrix and it will be interesting
to see what happens to this new product...I am sure
people within Bard know the deal....and I think, and
hope, that things are going to get quite a bit
better.....we shall see!!
Yes, yes, you are partly right.....Terminaldog
is....well you know how I feel...yes, I am sure BSX will
acquire Schneider very soon...it certainly makes
sense....but honestly, I am not throwing out tactics....I just
like to know what these companies are up to since I'm
in the business and I find it all very interesting!
Geeks are great unless they act overly