Baxter International Inc. (NYSE: BAX), is a global, diversified so-called "healthcare company", capitalization of $30 billion (for a short while) on 2008 sales of $12+ billion.
Baxter manufactures drugs in 26 countries and sells them in a 100. It has screwed-up before, rather seriously - but nothing like the recent 'oops'. It was overpriced (given today's economy) before the recent incident. ... which BTW, the US press seems to be avoiding for now... Prediction: This company will be selling for next to nothing in a few weeks - unless they too were insured by AIG (which could have made the Nazis solvent) ... in which case Baxter will come out smelling like a stinking rose (hey, not a bad restaurant ).... http://www.google.com/hostednews/canadianpress/article/ALeqM5iV_RT6oBK3tOhtsWf5pnu5OIby9w BTW I do not own it, and have not shorted it.... But would, if I had the disposables, so to speak ;-) Signed, Harry T. Buffet "all you can eat - it's the American way"
