J&J Should Break Up
Jim Cramer of CNBC is known for waving his arms about the latest stock trades or dumb business decisions. Now he is adamant that healthcare giant Johnson & Johnson should break up. In Monday’s rant, he says the company is divided clearly into three distinct divisions, Pharmaceutical, Consumer Goods and Medical Devices, the latter is bleeding. They have three different supply chains and should split into three separate companies.
“We’re talking about a great American company not delivering,” he shouts about their latest earnings report.
See Cramer’s latest here
J&J 2 Q Report