Life Technologies, Inc. Review
I’m keeping a close eye on Life Technologies, Inc. (Ticker: LIFE). This is one of my long term holdings as I’ve held this one since its IPO in 1999 at $7.50 per share. The stock is currently trading around $62.74 generating an unrealized gain of ~736% (16.4% annual return since 1999). In any case, private equity and strategic buyers are circling around this company and my bet is that a deal will get done. This company throws off very nice cash flow and its biz is primarily consumable products for life sciences R&D. In another words, it’s a very stable biz. It really is amazing to see this once tiny company in 1999 that was essentially a one product company (selling a cloning kit) to a company that was able to acquire Gibco / Life Technologies and ABI. I don’t want to see this one go, but if the price is right… Anyways, I may add to my position if a deal looks more certain. I expect to see a 7 in the price if a deal was to occur.
Edit: I forgot about the 2 for 1 stock split so my cost basis is actually $7.50 and not $15.00.