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Bristol-Myers Squibb Company Message Board

  • speedydekker speedydekker Mar 14, 2013 11:23 AM Flag

    Speedy Admits Timing Was Off

    Speedy admits his mistakes and I did sell too early. However, I still feel the higher it goes, the further it will fall when the bad news hits.

    A laywer friend told me the schools are in a panic about Obamacare. There is a provision called the sledge hammer in which employers must pay a penalty of $2000 FOR EVERY EMPLOYEE, if they fail to insure 95% of all employees who work 30 hours or more.

    Initially we heard the penalty was just for those not insured. Now its every employee. This is per IRS guidance issued in Jan.

    Obamacare can cause a new recession.

    Sentiment: Sell

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