With over 1bill in free cash flow a year, the company can choose to either paydown debt, make acquisitions, pay a dividend, or buyback stock. BSX is choosing to buy back stock with half of their free cash flow! That should tell the market something about how BSX feels about todays valuations.
I was sure BSX would have made a much stronger recovery by now. If you look at the multi-year chart, its terrible since 2004. The only strategy for investment here is that things are so bad, how can they get any worse?
Hard to belive they would go out of business, but timing on this one is brutal. Never imagined $4's.
However, Gluteusmaximus has been very entertaining the whole time.
Right, so many years later, the stock is still in the process of bottoming out from the GDT buy. I will go out on a limb and say that sooner or later it should become stable in this neighborhood at roughly 1x revenues.