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November 2, 2005

JNJ Guidant deal conditionally approved, Wed., Nov. 2, 2005, 11:22 AM

The FTC has conditionally approved the JNJ takeover of Guidant. Do you think the shareholders are happy?


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The immediate reaction of course was created by the Sell-side to stir emotions and create some trading volume. But the marketplace soon spoke out. JNJ is still in a bearish phase.


I like JNJ the company. It's in the Cara Global Best 100 Companies group, but the stock price is still a little dear. Not much mind you.


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p.s., I now see that JNJ management wants the deal restructured, but Guidant management is not prepared to do that.

Posted by Posted by Bill Cara on November 2, 2005 11:20:48 AM | Category: 35 Health Care

Discourse

Gotta think that at a PE of 19 and PSE of 3.80 for 2006, the stock would have a target of $72 and into the Cara Accumulation Zone around $54. Nicht wahr? Or is that expecting too much?

Posted by: MarkM [TypeKey Profile Page] at November 2, 2005 1:35 PM [link]