Is a Bottom in Place with Becton?
Filed under: Stocks to Buy
Just call it a ‘June Swoon’ for Becton Dickinson and Co. (BDX), as the shares have dropped to about $69.50 from highs above $80 this spring. Even so, the business model, first discussed here on March 17, 2009 at a price of $65.66, remains preferred in these circles. Here’s why:
In FY2010 Becton’s revenue growth should total about 5-7%, after essentially flat revenue in FY2009. Hospital spending cutbacks will hurt, but BDX should make up for that with increased government orders, lower operating costs, and moderating raw material costs. Becton’s medical and diagnostic units will also likely register revenue growth at or above 5-6% in 2010; its bioscience unit will register more-modest gains.
Continue reading Is a Bottom in Place with Becton?
Is a Bottom in Place with Becton? originally appeared on BloggingStocks on Tue, 13 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
Becton Dickinson – BloggingStocks – Hospital – United States – Intellectual property
This post has one comment
July 13th, 2010
From what you are saying, it sounds like although this may be a hard time for them, it might also be a time to grow. Sounds like it is time to make some investments.