Drink Up

Drink Up

After looking over the fourth quarter and full year results from Johnson and Johnson (NYSE:JNJ) and Abbott (NYSE:ABT) both of whom reported major sales declines in their diabetes device units, the two companies may be comforted by the fact that researchers have found that chocolate and red wine can help prevent diabetes. According to a study conducted at the University of East Anglia and King’s College London that foods with a high content of flavonoids help prevent the development of type 2 diabetes.

Flavonoids are antioxidant compounds found in plants, as well as tea, red wine and chocolate, which can protect against a wide range of diseases, including heart disease, hypertension, some cancers and dementia.

Given that JNJ experienced a nearly 26% drop in sales and Abbott sales decreased over 14% combined with the fact that things will likely get worse going forward it just might be time for these people to take the advice of Delta brother John Blutarsky and start drinking heavily.  Armed with this new research the few remaining employees left at these units can be comforted that they won’t develop diabetes while they get hammered drinking red wine.

The question is which red wine they should drink as they watch the glucose monitoring market sink into the abyss. Since Diabetic Investor knows absolutely nothing about wine and even less about which wine goes with which occasion we reached out to our pesky and very picky wine expert for some guidance.  Now it seems that this isn’t as easy a task as we envisioned as our expert informed us that are almost as many red wines as there are glucose meters. We also learned that like glucose monitors red wines come in all different shapes, sizes and price points. Thankfully the red wine market does not have to worry about competitive bidding, an ultra-conservative FDA, an over reliance on technology or management teams that failed to adapt to the future until it was too late.

After a great deal of debate our pesky and very picky expert came up with two excellent choices, the first is called The Prisoner which according to the company’s web site; “Our mission is to forge our way off the beaten path, seek interesting varietals and blend them together to make wines that are authentic, approachable and thought-provoking.” The second comes from our friends at the Oakstone Winery with their 2010 Cabernet Sauvignon, which according to their web site is – “A classic version of Bordeaux’s greatest red wine. Rich and balanced flavors featuring the cassis fruit characteristic of the grapes grown in our Sierra Foothills.”

Listen folks we hate to break the news but getting hammered on red wine really isn’t a bad idea given this market is being flushed down the toilet. And thanks to this new research the folks at JNJ, Abbott, Roche and Bayer will be comforted by the fact that drinking these excellent red wines will help prevent the development of Type 2 diabetes. As our pesky and very picky wine expert likes to say; life is good.