BDX - Becton Dickinson and Company: Stagnating All Along
2024-05-16 09:37:52 ET
Summary
- Becton, Dickinson and Company has seen years of stagnation in its business and shares.
- Despite a return to solid growth this year, the company's performance has been mediocre over the long haul, and there are concerns about value creation for investors.
- With valuations down to a market multiple based on adjusted earnings at best and still some leverage visible, I am still leaning cautious here.
Last summer I called Becton, Dickinson and Company ( BDX ) not a very healthy business, after the business (and shares) has seen another year of stagnation, something which has been going on for years....
Becton, Dickinson and Company: Stagnating All Along