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Tuesday, December 2, 2008

Thanksgiving Bargains Fuel J&J Acquisition Spree

The Thanksgiving buying bug has bitten my favorite blue-chip, Johnson & Johnson, which is buying Mentor Corp. and Omrix Biopharmaceuticals

Omrix is going to feed right into J&J's surgical care business.... and by that I mean the serious surgical stuff. 

Mentor, on the other hand, feeds into, shall we say, the sometimes desired-but-not-required cosmetic surgery side.  It is a leader in cosmetic products, including breast implants.  J&J has traditionally not been a market leader in cosmetic surgery, but this acquisition will change that.  mentor corp

J&J's stock went down as a result of these acquisitions, but the long term prognosis is very positive.  I'm shoring up my position in the stock.

jnj

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