IDEXX LABORATORIES INC. $122 - Nasdaq symbol IDXX

IDEXX LABORATORIES INC. $122 (Nasdaq symbol IDXX; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 51.6 million; Market cap: $6.3 billion; Price-to-sales ratio: 4.8; No dividends paid; TSINetwork Rating: Average; www. idexx.com) earned $3.58 a share in 2013, up 12.6% from $3.18 in 2012. Sales rose 6.5%, to $1.4 billion from $1.3 billion. These gains are mainly because veterinarians are buying more of Idexx’s equipment for detecting diseases in pets.

The company recently launched two new products that should increase this year’s sales by 7.5% to 8.5%. Its earnings should also rise to $3.85 a share. However, the stock has jumped 32% in the past year and now trades at a high 31.7 times the 2014 forecast.

Idexx is still a hold.

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Pat McKeough

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Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

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Value Stocks

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One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

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