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DRiPs for U.S. Investors
Moderator is George L Smyth

Date: 1/2/2009 10:08:07 AM
Frequently Asked Questions
Author: nic1 Country Flag
Subject: 16441/21961 - Re: Chuckie Picks Brystol-Myers Squibb
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Chuckie omits the essentials.

He fails to mention that in the last quarter, the long term debt has gotten bigger. He insists on more cash from the sale of part of the business. Not that it is a bad thing but you really want to see cash going up from regular business.

Also, with all do respects with what the company thinks it can do to clean up internal process, I wouldn't base my appreciation on it. Companies are sometimes too positive.

I'm not saying that the company is a bad one but I think that this review shows why you always should be careful of "advisors". I’d have a look at the complete balance sheet before making a decision.

For the record, I don't own any BMY but might be tempted.

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