Monday, May 09, 2005

The Last Earnings Report (Fisher Scientific)

Fisher Scientific (FSH) is the last company in my portfolio to report Q1 earnings. They reported in-line numbers after the bell. They're one of the big players in supplying consumable products for biotech & pharma research. This company is trading at ~15X this years earnings with expected growth rate of ~17% for the next couple of years. This company is worth keeping an eye on. I only have a small position in this company. Not yet ready to make a big commitment...

On a different note... Nice move in the biotech sector today. ASCO (the big oncology conference) begins later this week. Keep an eye on the biotech stocks. There's going to be news leaks on the upcoming ASCO presentations. This always happens...


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