Saturday, March 17, 2012 3:54:02 PM
And thanks Fuente, but not my article, just found it browsing around to gather info on J&J - here is the link on the Devices Division guy promoted to CEO J&J this week.
http://www.businessweek.com/news/2012-03-14/johnson-and-johnson-ceo-weldon-to-get-143-dot-5-million-in-retirement
I know it's Saturday, but I'm not hyping a thing here, just a naive, learning investor seeing something smacking me in the face with logic. J&J employee estimate is 114,000.
Here's what they do.....
Subsidiary companies (I think just a few of what they own and operate):
ALZA Corporation, ANIMAS Corporation, BabyCenter L.L.C., Biosense Webster Inc., Centocor Ortho Biotech Inc., Children With Diabetes Inc., Cilag, Codman & Shurtleff Inc., Cordis Corporation, Crucell nv, DePuy, Inc., Ethicon Endo-Surgery, Inc., Ethicon, Inc., Global Pharmaceutical Supply Group (GPSG), Gynecare, HealthMedia, Independence Technology, LLC, Information Technology Services, Janssen Pharmaceutica, Janssen Pharmaceutica Products, L.P., Johnson & Johnson, Group of Consumer Companies, Inc., Johnson & Johnson Health Care Systems Inc., Johnson & Johnson – Merck Consumer Pharmaceuticals Co., Johnson & Johnson Pharmaceutical Research & Development, L.L.C., Johnson & Johnson Pharmaceutical Services L.L.C., LifeScan Inc., McNeil Consumer Healthcare, McNeil Nutritionals, Noramco Inc., OraPharma, Ortho-Clinical Diagnostics, Inc. OCD, Ortho-McNeil Pharmaceutical, Ortho-Neutrogena (a merge of Neutrogena and Ortho Dermatological), Personal Products Company, Penaten, Pharmaceutical Group Strategic Marketing (PGSM), Peninsula Pharmaceuticals Inc., PriCara Inc., Scios Inc., Tasmanian Alkaloids, Therakos Inc., Tibotec, Transform Pharmaceuticals Inc., Veridex, LLC, Vistakon
Consumer brands
Acuvue, Actifed, Ambi, Aveeno, Bactidol, Band-Aid, Benadryl, Benecol, Bengay, Benylin, Bonamine, Caladryl, Calpol, Calcough, Calprofen, Calgel, Calrub, Carefree, Clean & Clear, Coach, Coach Professional, Coach Sport, Codral, Combantrin, Compeed, Conceptrol, Cortaid, Cortef, Delfen, Desitin, Dolormin, E.P.T., Efferdent, Euthymol, First-Aid, Gynol, Healthy Woman, Imodium, Johnson's Baby, Johnson & Johnson Red Cross, Jontex, K-Y, Lactaid, Listerine, Listermint, Lubriderm, Luden's, Meds, Micatin, Monistat, Micralax, Migraleve, Modess, Motrin, Motrin Children, Myadec, Mylanta, Nasalcrom, Neko, Neosporin, Neutrogena, Nicoderm, Nicorette, Nizoral, Nu-Gauze, O.B., OneTouch, Pediacare, Penaten, Pepcid, Pepcid AC, Polysporin, Ponstan, Priligy, Provin, Quantrel, REACH, Reactine, Regaine, , Rembrandt, Remicade, RoC, Rogaine, Rolaids, shower to Shower, Simply Sleep, Simponi, Sinutab, Splenda, Stayfree, Steri-Pad, Stim-u-dent, Sudacare, Sudafed, Tucks Pads, Tylenol, Tylenol Baby, Tylenol Children, Ultracet, Vania, Visine, Zyrtec
My point is with 114,000 employees, 250 subsidiary companies, with operations in 57 counties and products sold in 175 countries, someone has seen BIEL and buying it is a rounding number on a P&L somewhere. With this many companies and products, and tens of billions in sales worldwide, they know about BIEL. They could even do a B&B deal to acquire BIEL and it wouldn't slow them down a bit. (Buy & Bury - just for the patents). But no one can convince me they don't know about BIEL or convince me that their devices division isn't interested in in a little company like BIEL with patents on drug-free pain management or promotion of recovery and healing?
And the man heading up their devices division was announced 3 days ago as the new CEO in April? And Mr. Weldon started in 1971 as a sales rep and cashes out 41 years later with 143.5 million plus he keeps Chairman? These guys are very smart players, the smartest of the smart, and can buy BIEL out of J&J's petty cash. They know.....
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