Cramer Goes to Baxter (BAX)

Posted: April 30, 2007 at 6:07 pm

Jim Cramer’s third pick as a defensive medical industrial complex stock that he thinks can’t get hurt by the economy is Baxter International (BAX), but he would only buy it if it pulls back right now.  He likes this as a "best of breed" compared to a "worst of breed" stock like Boston Scientific (BSX).  Hemophelia, dialysis, cancer treatments, immune disorders, and many other things.  Cramer said that Boston Scientific (BSX) paid too much for Guidant and is having to spin off a good area of future operations just to pay for debt.

Jon C. Ogg
April 30, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

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