The company continues to impress on its ability to protect the bottom line in the face of temporary slowdowns in one or more business segments.
More Quotes from Tao Levy:
It might give hospitals some more power to push back on prices.Tao Levy
As the offer size for Guidant increases and the relative value of its ICD business increases, we can't ignore the fact that at some point it might make sense for one of the two contenders to take a serious look at St. Jude Medical.
Tao Levy
The warning letter is a clear negative for Guidant and adds to its near-term challenges in its cardiac rhythm management franchise.
Tao Levy
At a time when Boston Scientific management should be devoting 100 percent of its efforts to the Guidant transaction, it now also must address the warning letter.
Tao Levy
We are somewhat surprised to see Guidant's board support Johnson Johnson's offer. Recall that this is the same company that thought Guidant was only worth 63 a few weeks ago. Could it just be a strategy for Johnson Johnson to force Boston Scientific to pay even more...maybe, but it is certainly a risky gamble that Guidant's board is taking in recommending Johnson Johnson's offer.
Tao Levy
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