The debt issue does not worry me really. The debt
was incurred when Beckman acquired Coulter. 1 billion
dollar of debt would require about 75 million dollars to
cover annually. This year, the company is projected to
have a cash flow of about $7.50 per share (About. $225
million). In addition, the debt is a good thing if the
company continues to run the business
Will anybody with direct experience in Beckman
products or business line post some thing for me (positive
or negative). Would be appreciated.
According to a recent conversation with the
director of Investor Relations at BDX, the Clonetech
acquisition is at a fixed $200 mil done with however many
shares it takes to sum up to $200 mil. This means there
will be added dilution from the acquisition due to the
lower price of the shares today, but the extra dilution
is apparently already in the new earnings
Two things are delaying the Clontech acquisition,
according to Ken Fong, CEO of Clontech Labs.
involves a licensing agreement with Roche, which should be
Second, Clontech is negotiating
with BD to issue additional shares to us because of
recent drop in the BD stock price.
issues need to be resolved before the completion of the
acquisition. From what I've seen, the acquisition still looks
like it's proceeding as planned, just a little more
This company has been around over 100 years and
has already been beaten down 42%. If it does go
lower, keep buying and down the road you will be well
rewarded. This is a blue chip S&P 500 company and will
surly rebound. The money is waiting carefully on the
sidelines to get back in. I bought it yesterday at 28 and
change after plenty of research and can't believe the
experts would let it get much lower. Buy it now and smile
later this year!
When I want to look at the options tradin g in
one of the stocks that I am interested in, I go to
www.phlx.com , then click on "Options Chain Listing" (above
the word SECTORS) then click on "Standard", and enter
the symbol of the stock you are interested in. To me,
the Philadelphia Exchange has the most user friendly
web page for getting quotes and statistics on options
trading. Try it! Good luck.
Did anyone else notice the unusual trading today
in the options of BDX? Over 2000 August 30 calls
traded, and they were buyer induced. Also, 400 Dec 35
puts and 200 Sep 40 puts traded, and the prices seem
to indicate a spread trade. Also, there are large
sellers (90 contracts) of the Jan 25 puts (Expire 2001)
at 2 1/8. It seems that the order flow is buying the
near months and selling the outer months. This would
seem to make sense if you believe that the company is
going to be taken over. REMEMBER, I AM NOT SAYING THAT
THIS STOCK IS GOING TO BE TAKEN OVER, I'M SIMPLY
REPORTING WHAT I HAVE NOTICED HAPPENING IN THE MARKETPLACE.
Any ideas out there, any whispers ...??? Thanks.