Invitrogen Down, Down and Down...

Can Invitrogen (Ticker: IVGN) ever get it right? Yesterday, Invitrogen reported very disappointing earnings as their gross margins declined to 58% from 64% from last year. The Street certainly didn't like the numbers and the stock is down ~ 13%. I'm very tempted to pick up a little here as it retest it's 52 week low. The company is still buying back stock and is generating a positive cash flow. I currently have a position in Invitrogen.



Edit: Just finished listening into the conference call. What a crappy call! Q4 is not looking good and 2007 is a toss up. This is a good company with good products, but poor execution and bad management. I'm still looking at this as a 2007 recovery play.