Because legal entities are capable of worse crimes than their corporeal counterparts.

Saturday, June 9, 2007

"What The Fuck" Fridays: Baxter - A Company I've Never Heard Of

How do you get to be a corporation in the Fortune 500 without having your name widely known?

Shit, I don't know, ask Baxter (Google Finance Link). Maybe the problem is that I don't watch TV and generally stay away from financial news unless I'm writing these posts?


Their stock jumped 20 points over the last year, and it's basically been a steady upward climb.

Oh wait, hold on, the stock was around the same point it is today, back in 2002, and then it plummeted. I really have no idea what's going on with this corporation. It seems like a strong buy right now though, and in the past, except for that 2002 hiccup, it's been super-fucking-strong. Well, we can safely say that right now Baxter must be doing something right. Right? Right, I guess.

But what does Baxter do?

Well, it looks like they are primarily involved in the development and manufacture of unique medical products. For an example of one of their important innovations, in the 1950s, they were the first company to make commercially-available fake kidneys.

They develop a bunch of cures, treatments, patches, and bug fixes (lol) that appear to be more involved in saving lives, than, for instance, a cure for erectile dysfunction. Currently, they're working on a Bird Flu Vaccine.

The company did 10.4 billion in sales in 2006. Unfortunately for you, I have no problem with this, and no problem with Baxter. Seems like a solid place to me.

Oh, and about that issue in 2002, when the stock price basically rebooted itself? That was because sales were going to be below the company's forecast, and I guess the stockholders got shook! David Lothson, who in 2002 was an analyst for UBS (I have no real idea who they are but they are obviously a financial services company) said this of the selloff: "We believe investors have overreacted to weakness in the company's second-quarter Bioscience revenues." Yes, yes they have. (link)

Lastly, their stock is worth more than AstraZeneca's, which I think is great. I mean granted, they operate in different areas of medicine. But even so, Baxter is proof that you don't have to stay in the news and in the commercials to have a solid medicine-related company. Or maybe they do have commercials. I don't know. I don't really watch TV. Anyway, you don't really have to create a bunch of different cures that do marginally meaningful things/the same thing over and over again but just marketed differently to have a good medical company.

The only two Baxters I knew of before making this post were Baxter Stockman, and my second grade teacher, Ms. Baxter.


Mathew said...

It's refreshing to see a modest corp'.

susana said...

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Cheers, Keep it up.

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