Watered Down

So on Wednesday Waters Corp (symbol: WAT) issued an earnings warning and the stock fell 20%. They sell the big ticket equipments to the R&D life sciences market. Unfortunately, the warning also took down other companies in the sector like Invitrogen and Fisher Scientific. Invitrogen and Fisher both presented at investor conferences this week and re-affirmed their guidance. They mainly supply consumable products to the R&D life sciences industry. These are stuff you need on a daily basis to conduct your research. This may be a good opportunity to pick up some of these shares. It amazes me on how investors over react to news.