Q2 Review of Pure Play Diagnostic Companies:Bargain Hunting in ABAX,GPRO,QGEN
Summary of Q2 Earnings and Valuation Metrics of Selected Pure Play Dx Companies Company Ticker Price RevEst Q1Rev Q2Rev Price Mcap P/S PE PEG 5/18/11 $M Yr. $M 15-Aug $M GenProbe GPRO 80 579 143 136 60 2900 5 29 2 Abaxis ABAX 28 157 37.5 36 23.9 544 3.46 41 2.3 Alere ALR 2360 567 25 2140 0.9...
Eurozone Crisis Creates More Fear and a Vicious Sell-Off
Global Debt Crisis Weighs In-Everything is Interconnected Panic selling has eased after European market closes but we are still down 3%. 10 Year treasuries are under 2.5%.Banks cannot handle the flow of money to safety and may actually charge for opening an account. Gold is selling off $1654...
Wild Turnaround Day- RoboTraders Again?
Time to Follow the Technicals If you missed the morning action today you were better off unless you were bargain hunting. It looked like another ugly free-fall day at about 10 am EDT until some trigger set off buying with a lot of choppiness but then volume picked up at 1:30 pm and the market...
Sell Off in the Eighth Day but Look to AMGN and GPRO for Help
Classic Risk-Off Market With 10 Year Yield at 2.6%-Healthcare Sector Still Selling Off Down 1.68% The market is not celebrating the Debt-Limit Deal. A new reality may be setting now that all the dirty laundry has being aired. As of 2:11p EDT the S&P is down 1.63% to 1266 below its technical...
Debt Deal: Healthcare Stocks Sell Off On Potential Medicare Cuts
Triggers: Debt Ceiling and Skilled Nursing Stocks There is a broad sell-off in healthcare stocks today on fears that the debt ceiling deal would cut healthcare spending.A few weeks ago a few hedgies were on CNBC touting their “short healthcare” trade so maybe they were on to...
