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the other big stock story of the day clearly is j and j uh splitting into two businesses as weve heard throughout the day uh starting on squawk box this morning uh how lucky we are to have you carrie uh today not that you own the stock but you did used to run the healthcare and biotech fund at fidelity so i want your perspective what would the fund the fidelity fund manager focused on this space think of a move like this with this name well you have to be positive if you are thinking that j j has two thirds of its business in health care its one third consumer and the consumer side has been a drag on the multiple and i think on the the universe of potential buyers and analysts who follow the stock its a hybrid company and the world is much more specialized in terms of how we look at companies and the way people who analyze them talk about them and own them have become so this breakup i think is only for the positive for j consumer staples traded below a market multiple and you know
