One final thing before I go to bed. My friend Miss. MK wrote to me this evening after reading my blog entries. She works for Covidien (COV, formerly Tyco Healthcare) and wanted to share info about the split-up of Tyco into 3 groups. Like she said, COV started trading last Monday (opened at $43 and last traded at $42.3 on Friday).
Probably a good thing Tyco got split up. Now the units can focus on growth under a new name and leadership and in specific sectors. Not sure if the initial signs are good though, Fitch cut the credit rating for Tyco after the split. The growth forecast in the short-term is not positive. Another sign that the market is lukewarm to this sector is that the market cap for COV is about $517 K. The long term growth prospects have been said to be good though.
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