Bruce Cranna
Bruce Cranna
bad gotten great low quarter
It wasn't a great quarter, but the expectations have gotten so low on J&J that a real ho-hum quarter is actually not a bad thing.
elephant room wants
That is always the elephant in the room with J&J. Everyone wants to know what is going on in M&A, and they're not saying.
percent
Can we think of this as a 10 or 11 percent top-line story again? That's unclear.
operations talking
They have been talking about streamlining operations and making their manufacturing more efficient. It's part of that story.
ahead classic situation
It's a classic situation of expectations getting ahead of the story.