Thursday, January 20, 2011

Some Perrigo

What a lousy market... I did pick up a few shares of Perrigo Company (Ticker: PRGO) at $71.60. I’ve been following this company and today was a nice breakout and strong volume. The company announced the acquisition of Paddock Laboratories, which will be add to earnings in both 2011 and 2012. Now, this is how you add value for shareholders. This company basically manufactures generic OTC medications for store brands. I see this one going much higher…


I sold Perrigo today at $72.34 generating a net gain of 0.93%. I just don't like the tone of the market.


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