Tuesday, December 24, 2019

Qiagen Is Not For Sale

Not for Sale! What a nice Christmas gift from Qiagen’s (Ticker: QGEN) Board of Directors… For me it was a mixed blessing as part of me didn’t want this company sold. I got into this stock when it went public in 1996 and has been a multibagger for me. I’ll continue to hang onto to this position (makes up ~ 5% of my portfolio) for the long term. This company will continue to do well as we’re really at the cusp of the molecular diagnostics wave. This certainly was a wild ride as I really thought that the company would sell out to Thermo Fisher Scientific (Ticker: TMO). I guess they were looking for a big premium, which I can’t blame them.