8 Quotes by Matthew Dodds
- Author Matthew Dodds
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That cash is going somewhere. It ain't going to buy back shares.
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- Author Matthew Dodds
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Boston's overall sales growth is going to slip to 5 percent in the second half of this year and go flat in 2006. The new-product portfolio Boston is piecing together can restore double-digit earnings and sales growth, but it will probably take until 2009.
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Boston Scientific has a couple of more weeks if needed to complete due diligence.
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They are destroying the value of their company for a damaged asset. What is their board thinking?
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It seems like (Johnson & Johnson and Boston Scientific) are going to dominate the market at least through '06.
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The odds of them stopping this are not high. They are fully committed to walking.
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Even with the new components of the Boston offer, we don't think Guidant's board will get comfortable enough with the aforementioned antitrust issues and the extra $1.
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They walked away, and they got $700 million for their trouble. I don't really see a problem here.
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