Tao Levy
Tao Levy
ability bottom business company continues face impress line protect temporary
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.
hospitals might power push
It might give hospitals some more power to push back on prices.
ask demand hospitals mean might price question reduction supply whether
The big question is whether hospitals will demand a price reduction on their supply costs. They might ask for it, but it doesn't mean they will necessarily get it.
board boston certainly company few force gamble johnson pay recall risky scientific somewhat strategy support surprised taking weeks worth
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.
chatter couple increasing payment prior seen system
There is increasing chatter that when the in-patient payment system comes out in a couple of weeks, that it will be more controversial than we've seen in prior years.
debt expect increase management offer quickly
We would expect BSX to quickly come back with a new bid, but importantly, we do not expect management to increase its debt or offer more equity.