Thursday, April 26, 2007

Genzyme - All Aboard, Taking Off...

Genzyme Corp. (Ticker: GENZ) released very strong Q2 results yesterday. The company reported revenues of $883.2 million and earnings per share of $0.78 per share, which beat the street expectations. The company also raised guidance for the year to $3.20 – 3.30 per share. It was just a strong quarter all around! This is currently my largest position making up close to 30% of my total portfolio (including retirement account). I will slowly pair down this position throughout the year since I will need some money for a condo down payment. I am not selling any right here; it’s just way too cheap. Here’s a weekly chart of Genzyme and you can see that it’s just beginning to make its move up.


At April 27, 2007, Blogger BB said...

GENZ had excellent results. Expected the stock to jump closer to $70 but unfortunately not yet.


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