Ann: J&J/Ethicon Mesh Class Actions Update, page-47

I don't know that it has been priced in as the drop to 73 cents was purely on the previous half year showing a 30 million drop in cash for increased operational costs such as new hires and growth. There was still promise of a good second half year and that the same dividend was still on the table according to the CEO in the analysts briefing after. Whether a further 12 cents accounts for this, I don't know. I still think that the growth phase with be a drag on cash and the ability of the company to make headway to restoring its balance sheet.