Idexx Laboratories
NASDAQ symbol IDXX, makes equipment that veterinarians use to detect disease in pets and livestock. It also makes systems that detect contaminants in water and milk.
THE JONES GROUP INC. $10 (New York symbol JNY; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 85.9 million; Market cap: $859.0 million; Price-to-sales ratio: 0.3; Dividend yield: 2.0%; TSINetwork Rating: Average; www.jonesgroupinc.com) has completed its $350-million purchase of Kurt Geiger, a U.K.-based company that owns and operates 49 shoe stores in Europe. It also sells its products in upscale department …read more »
MACY’S INC. $25 (www.macys.com) reported that sales rose 1.6% at its 850 department stores in March 2011, to $2.21 billion from $2.17 billion in March 2010. Same-store sales rose 0.9%. The company expects same-store sales to rise by 8% to 9% in April 2011 from a year earlier, due to a cosmetics promotion and the later Easter holiday. Buy.
STATE STREET …read more »
FORD MOTOR CO. $15 (New York symbol F; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 3.6 billion; Market cap: $54.0 billion; Price-to-sales ratio: 0.4; No dividends paid since June 2006; TSINetwork Rating: Speculative; www.ford.com) has agreed to form a 50/50 joint venture with Russian carmaker Sollers. This new business should start making passenger cars and light commercial vehicles …read more »
IDEXX LABORATORIES INC. $60 makes equipment that veterinarians use to detect diseases in animals. Idexx earned $0.59 a share in the three months ended September 30, 2010. That’s up 13.5% from $0.52 a year earlier. Revenue rose 4.1%, to $269.6 million from $259.1 million. However, the uncertain economy could lead to fewer vet visits by cash-strapped pet owners. Hold.
NCR CORP. …read more »
IVY ENTERPRISE FUND $4.23 invests in small and medium-sized companies. The $139.9 million fund has an MER of 2.38%.
The fund’s overall choice of stocks doesn’t inspire our confidence. Its top holdings are Richie Brothers Auctioneers, National Instruments, CH Robinson Worldwide, Idexx Laboratories, Hibbett Sports, Astral Media, Canadian Western Bank, Daktronics Inc., Henry Schein and Stratasys Inc. The fund has lost …read more »
At one time, mutual funds within a particular ‘fund family’ often shared some key investment characteristic, such as a conservative or aggressive investment approach, or a stress on value as opposed to growth.
However, due to corporate mergers and takeovers in the mutual-funds industry, and more aggressive marketing, a fund’s membership in a fund family now has little bearing on its …read more »
IDEXX LABORATORIES INC. $58 (Nasdaq symbol IDXX; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 60.3 million; Market cap: $3.5 billion; WSSF Rating: Average) has gained 20% in the past three months, mainly due to higher-than-expected earnings.
In the second quarter of 2008, Idexx’s earnings grew 85.3%, to $0.63 a share from $0.34 a year earlier. The year-earlier quarter included …read more »
IVY ENTERPRISE FUND $4.24 invests in small and medium-sized companies. The $160.4 million fund has an MER of 2.40%.
The fund’s overall choice of stocks doesn’t inspire our confidence. Its top holdings are Richie Brothers Auctioneers, National Instruments, Resources Connection, Idexx Laboratories, Astral Media, Canadian Western Bank, Daktronics Inc., Henry Schein and Stratasys Inc.
We think investors can do better by buying …read more »
At one time, mutual funds within a particular ‘fund family’ often shared some key investment characteristic, such as a conservative or aggressive investment approach, or a stress on value as opposed to growth.
However, due to corporate mergers and takeovers in the mutual-funds industry, and more aggressive marketing, a fund’s membership in a fund family now has little bearing on its …read more »
IDEXX LABORATORIES INC. $48 (Nasdaq symbol IDXX; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 61.0 million; Market cap; $2.9 billion; WSSF Rating: Average) reported that sales grew 24.8% in 2007, to $922.6 million from $739.1 million in 2006. Earnings per share before one-time items rose 18.8%, to $1.58 from $1.33. However, higher sales of low-profit products and services …read more »
