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.