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Becton, Dickinson and Company Message Board

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  • b_zerkley b_zerkley Jul 1, 1999 9:58 AM Flag

    trouble in paradise

    independent, they are making all the classic
    wrong moves. Faced with a sales shortfall, you don't
    stop all new projects and focus on only headcount and
    expense reductions. And by waiting until it was too late,
    they wasted one of their most important growth
    assets...their higher stock price. That means sizable
    acquistions are now very problematic.
    No, B-D is now a
    take out candidate and the acquirer will get some
    great product lines and won't need 2/3's of the
    overhead in Franklin Lakes to run them as product lines.
    It could be different if they moved aggressively to
    expand...even sacrificing some short term profitability
    (provided they clearly communicated their plans to
    investors), but there's never been a growth mentality at B-D
    inspite of their successes. IMHO you can still make money
    (eventually) in this stock, but only thru a take-out.

 
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