Buy List Updates

Here are a few stories I wanted to pass along.

GE has selected Larry Culp to be their new CEO. Larry was the former CEO of Danaher (DHR). This is an outstanding choice. While at Danaher, the stock rose 465%, much more than the S&P 500. However, my fear is that GE is in so much trouble that there’s not much a CEO can do.

GE made a lot of news yesterday by rising over 10%. But as I noted, it was really going from 65% off its high to something like 61% off its high.

Stryker (SYK) said it’s buying HyperBranch for $220 million. “HyperBranch is dedicated to developing medical devices based on its proprietary polymers and cross-linked hydrogels. Its Adherus AutoSpray Dural Sealant product is one of only two FDA-approved dural sealants on the market.”

Additionally, on Friday it was announced that Stryker will pay $7.8 million to “settle charges it violated the Foreign Corrupt Practices Act, without admitting or denying the allegations.”

Intercontinental Exchange (ICE) is close to taking full control of Mortgage Electronic Registration Systems. This could be a very big deal.

Posted by on October 2nd, 2018 at 10:36 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.