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Biotech / Medical : Biosource International

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To: Joe Dancy who wrote (521)7/13/1998 11:25:00 AM
From: geoffrey Wren   of 696
 
Another company on the fast-growing list is IRI. I looked into it a little. From Yahoo: "IRI designs, develops, manufactures and markets in vitro diagnostic (IVD) imaging equipment and special purpose centrifuges and other small instruments for automating microscopic procedures performed in laboratories." From IRI home page: "the industry leading manufacturer of in-vitro laboratory diagnostic imaging automation with products serving hematology, blood collection and coagulation, urinalysis, and genetic analysis." Top line they have been growing. Bottom line they have stagnated. Annual sales of $28m, market cap of $13m. I love seeing a market cap like that. Maybe it is underpriced; maybe it is on its last legs. Maybe it will be bought up by Baxter or J&J or somesuch company. Anyone looked at this co. and have an opinion? I'm thinking of a small position, although I usually stay away from stocks trading at $2/share or less.

Geoff Wren
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