One way or another someone is going to buy this company, but I don't think they're going to be happy with what they end up with. These guys have constantly over-promised and under-delivered.
More Quotes from John Putnam:
They still need to look to do as large an acquisition, with as much growth, as possible. It's a huge company, and it's hard to get the top line to grow because the base is so big.John Putnam
JJ needs to get the top line to grow 5 to 10 percent. They've got to find something that's large enough and growing rapidly enough to stimulate that growth. St. Jude could be a potentially attractive acquisition.
John Putnam
Whoever doesn't get this company is going to be the lucky one. If I were Boston Scientific, I'd certainly find something wrong in my due diligence to walk away from this.
John Putnam
I can't imagine shareholders would vote against it. No one's come forward to make a counter-offer, so they better take this.
John Putnam
My reaction still is one of concern about the top line. Until that's rectified, it's problematic as to whether they can get to the kind of growth rates they're looking for.
John Putnam
I don't think JJ wants to walk away from the deal. I think they want a more equitable price for the company they're buying,
John Putnam
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