Wednesday, July 27, 2005

Sold Fisher Scientific (FSH)

Today, I decided to take some profits in Fisher Scientific (FSH). This position was purchased over a year ago at $54.15 and sold it today at $65.49 (~21% gain). When I purchased the stock, it was solely for a trade and not for a long term hold. When I go into a trade, I aim for a 20% return. I already have nice positions in the biotech tool makers (Invitrogen and Qiagen). Fisher is a good company, but it's growth is mainly through acquisitions and little organic growth. Fisher's high debt load also worries me a bit. They've been successful employing the growth by acquisition strategy, but sooner or later this will come to an end.


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