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Message: STILL NO LIGHT BULB
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PlugPosted in Healthcare Stocks on July 8th, 2008

It was reported this morning that Cardinal Health (CAH) is cutting 600 jobs, and freezing all hiring in a attempt to restructure. Of the 600 jobs cut, 140 of them will not be refilled. The move will consolidate the company’s workforce into two primary segments- grouping product distribution centers and nuclear pharmacies in one and medical devices in another.

How will this change affect the future of Cardinal Health? To learn more about the company, click here for an interview with former CEO Richard Miller.

For more perspectives on the strength of Cardinal Health, read TWST’s interview with Healthcare analyst John Ransom of Raymond James or TWST’S interview with portfolio manager David Labiak of Trent Capital Managment



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